Fitch affirms MoneyGram; outlook up to stable

Fitch Ratings said it affirmed the issuer default ratings for MoneyGram International Inc. and MoneyGram Payment Systems Worldwide, Inc. at B+.

Fitch said it has also affirmed the following ratings for Worldwide: senior secured first-lien credit facility at BB+/RR1; and senior secured second-lien notes at B+/RR4.

The outlook has been revised to stable from negative.

Fitch said that MoneyGram's modest revenue and EBITDA growth in 2010 is a factor as the global economic outlook continues to pressure expectations for remittance volume growth.

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