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S&P hikes GreenSky
S&P said it hiked GreenSky Holdings LLC and its secured debt ratings to BBB+ from B, removed them CreditWatch with positive implications, where they were placed on Sept. 16, and withdrew the ratings.
The upgrade follows Goldman Sachs closing its acquisition of GreenSky.
“We raised our issuer credit rating on GreenSky and view the company as a highly strategically important subsidiary of the Goldman group at the time of the deal closing. Subsequently, we withdrew the ratings at the company's request because the company will now be a part of the broader Goldman group,” S&P said in a press release.
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