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S&P: Getty Images on watch
Standard & Poor's said it placed its BB- rating on Getty Images Inc., along with all issue-level ratings on its debt, on CreditWatch with negative implications.
The agency said the CreditWatch placement is based on Getty Images' announcement that it will be acquired by private-equity investor Carlyle Group LP for about $3.3 billion. The agency said it expects both debt leverage and financial risk to increase with the acquisition.
S&P also said that Getty's second-quarter performance was below its expectations.
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