S&P affirms Loyalty Partner

Standard and Poor's said it affirmed the B long-term corporate credit rating on Loyalty Partner GmbH.

The outlook is stable.

"The rating actions follow the postponement of Loyalty Partner's proposed bond issue due to market conditions," S&P analyst Menique Smit said in statement.

The group intended to use the proceeds of the proposed bond to refinance its existing debt and return funds to shareholders by repaying part of its shareholder loan, according to the agency.

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