Fitch: Western Union stable

Fitch Ratings said it has affirmed the issuer default rating and all senior unsecured ratings for the Western Union Co. at BBB+. The outlook has been revised to stable from negative.

The ratings affirmation and outlook reflect that Western Union's operating trends in the consumer-to-consumer segment have stabilized after significant price cuts taken by the company in early 2013, the agency said.

Fitch noted that the company continues to generate solid free cash flow, $545 million in the latest 12-month period, with a solid cash balance over $1.7 billion.

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