Moody's: MoneyGram view stable

Moody's Investors Service said it affirmed the B1 corporate family and probability of default ratings for MoneyGram International, Inc. and the Ba2 senior secured debt ratings issued by MoneyGram Payment Systems Worldwide Inc., a wholly owned subsidiary of MoneyGram.

The outlook was revised to stable from positive.

Moody's said the outlook revision reflects its view that the recent momentum of the money transfer business will be tempered over the next year by significant pricing cuts in key corridors by the industry leader, the Western Union Co.

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