Fitch Cuts MoneyGram To ‘B-‘ As Revenue Slide, Digital Lag Deepen Credit Concerns

Global money transfer company MoneyGram International, Inc. has had its Long-Term Issuer Default Rating (IDR) cut to ‘B-‘ from ‘B’ by Fitch Ratings, which also downgraded the company’s revolving credit facility, term loan, and first-lien secured bonds to ‘B’ from ‘B+’, with a Recovery Rating of ‘RR3’ maintained. The rating outlook is stable, according to […]

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