Moody's may upgrade GreenSky

Moody's Investors Service said it placed the credit ratings of GreenSky, Inc. on review for upgrade, including the B2 corporate family rating and the B2 senior secured credit facilities rating.

The rating action follows Goldman Sachs' and GreenSky's announcement that they have entered into an agreement under which the Goldman Sachs Group, Inc. (A2) will acquire GreenSky in a transaction valued at $2.24 billion.

Closing of the transaction is subject to approval by GreenSky's stockholders, receipt of regulatory approvals and other customary closing conditions. The transaction is expected to close in the fourth quarter of 2021 or first quarter of 2022, Moody’s said.

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