S&P rates Match Group notes BB

S&P said it assigned a BB issuer credit rating to Match Group Holdings II, the subsidiary of Match Group Inc.

S&P also assigned a BB issue-level rating and 3 recovery rating on the company's proposed senior notes.

The outlook is stable.

Match Group Holdings II is issuing $500 million of senior notes due 2031 to partially repay its 0.875% exchangeable senior notes due Oct. 1, 2022.

“Our ratings on Match Group reflect our assessment of its leading global position in online dating services, ownership of several well-known dating and social discovery brands, and well-established track record of operations,” S&P said in a news release.

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