S&P: Syniverse unchanged

Standard & Poor's said that the B+ rating and stable outlook of Syniverse Holdings Inc. are not immediately affected by the announcement that Syniverse agreed to acquire Luxembourg-based MACH for roughly €550 million.

The transaction is subject to regulatory approvals, which S&P said it believes could take several quarters to obtain.

The agency said that while it expects credit measures to weaken if the proposed debt-financed acquisition is completed, leverage should remain within its parameters for the B+ corporate credit rating, which include total debt to EBITDA remaining below 6x.

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