S&P affirms Cardtronics

Standard & Poor's said it affirmed its B+/stable corporate credit rating on Cardtronics Inc., after the company's announced acquisition of U.S. ATM operations of 7-Eleven, Inc.

The outlook remains stable.

According to S&P, the ratings on Cardtronics reflect its high leverage and aggressive capital spending in a mature and consolidating industry.

These factors partly are offset by Cardtronics' leading position in the United States as an independent ATM provider and recurring revenue streams, the agency noted.

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