Moody's: MoneyGram outlook stable

Moody's Investors Service said it affirmed the B1 corporate family rating for MoneyGram International Inc. and revised the outlook to stable from negative based on the solid performance of the money-transfer business amidst the global recession and the stabilization of the financial paper products segment.

MoneyGram's B1 corporate family rating reflects the company's strong market position in its core money-transfer business and the agency's long-term positive outlook for the worldwide money-transfer industry, Moody's said.

The rating is restricted by the company's geographic and business-line concentration and the significant leverage it has added from the 2008 recapitalization with Thomas H. Lee Partners, LP, the agency said.

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