Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers E > Headlines for Euronet Worldwide Inc. > News item |
S&P upgrades Euronet
Standard & Poor's said it raised the counterparty credit rating on Euronet Worldwide Inc. to BB+ from BB, along with its convertible debt to BB- from B+.
The outlook is stable.
The upgrade reflects the company's high-quality earnings, first-mover strategic advantage in multiple markets and a solid funding base, S&P said.
The ratings also consider the firm's progress from 2008 through the first half of 2011 at expanding revenues through new products, the agency said.
Offsetting factors include limited tangible equity, exposure to exchange-rate fluctuations and material debt relative to earnings, S&P said.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.