Italy-based information services provider Cerved Group SpA has successfully completed its IPO and used part of the proceeds to repay its €250 million senior secured floating-rate notes due 2019. We are therefore raising our rating on Cerved to 'BB-' from 'B' and removing it from CreditWatch positive, where we placed it on June 10, 2014. The stable outlook reflects our view that Cerved's operating performance will remain steady in the near term, and that the company will increase funds from operations following a reduction in interest payments. MILAN (Standard&Poor's) July 10, 2014--Standard&Poor's Ratings Services said today it raised to 'BB-' from 'B' its long-term corporate credit rating on Italy-based information services provider Cerved Group SpA. At
