Fitch: Western Union unchanged

Fitch Ratings said it does not expect the Western Union Co.'s proposed acquisition of Travelex's Global Business Payments division to have an impact on the current ratings.

Western Union intends to fund the acquisition with existing excess cash, which was not previously considered supportive of the rating.

The ratings for Western Union could be negatively affected over the next 12 to 24 months if its recent pattern of growth in shareholder payouts outpacing EBITDA and cash flow growth continued unabated, the agency said. This acquisition does not factor into that analysis as the ratings assumed that the company's excess cash would be used to fund acquisitions or share repurchases.

Western Union has an A- issuer default rating, A- senior debt rating, A- senior credit facility, F2 short-term issuer default rating and F2 commercial paper program. The outlook is stable.

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