Fitch rates Western Union loan A-

Fitch Ratings said it assigned Western Union's recently announced $500 million 364-day term loan facility a rating of A-.

The company has used the proceeds from this term loan to repay a portion of its commercial paper borrowings, which had previously funded the repayment of $500 million of floating-rate notes, which matured in Nov. 2008, the agency said.

As a result, Fitch said it does not expect a material change to Western Union's total debt balance from this new term loan.

Fitch added that it continues to rate Western Union as follows: issuer default rating at A-; senior unsecured debt at A-; senior unsecured credit facility at A-; short-term issuer default rating at F2; and commercial paper program at F2.

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