...July 22, 2021 NEW YORK (S&P Global Ratings) July 22, 2021--Our ratings on Visa are unaffected by the news today that Visa entered into a definitive agreement with Currencycloud, a global platform that enables banks and fintechs to provide foreign exchange solutions for cross-border payments. This follows Visa's previous announcement in June that it reached a definitive agreement to acquire Tink, a European open banking platform. Between the two acquisitions, we expect Visa to pay approximately $3 billion in proceeds. The expected closing date for each transaction is not fully clear based on the company's disclosures. Both deals are subject to regulatory approvals and other customary closing conditions. Our expectation for Visa to maintain a conservative financial posture, with leverage under 1x, remains unchanged. Additionally, we do not expect the company to issue incremental debt to fund these acquisitions, given its healthy liquidity position (Visa had $16.5 billion in cash and another...
