Moody’s affirms Western Union

Moody's Investors Service said it affirmed Western Union Co.'s senior unsecured rating of Baa2.

The outlook remains stable.

The agency said the affirmation follows Western Union's announcement of an agreement to divest its Speedpay domestic billing service business, which is expected to close in the second quarter of 2019.

“Western Union's Baa2 senior unsecured rating reflects the company's leading position in the growing global money transfer market, stability of operating performance, solid cash flow generation, and balanced capital allocation strategy,” the agency said in a news release.

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