NEW YORK (S&P Global Ratings) Nov. 8, 2021--S&P Global Ratings today said that its ratings on Mesa, Ariz.-based traffic safety technology provider Verra Mobility Corp. (B+/Stable/--) are unchanged by the company's announcement of its planned $347 million acquisition of parking management solutions provider T2 Systems Inc. We expect the acquisition to close by year-end 2021. The company plans to fund the transaction using the accordion feature on its existing $650 million first-lien term loan due 2028, along with cash on hand. T2 Systems provides parking software and hardware solutions to universities, parking operators, health care facilities, and transportation hubs throughout the U.S. This transaction will weaken Verra's credit measures, thus we now expect its S&P Global Ratings-adjusted leverage to be
