Home Credit Ratings and Research S&P Global Ratings’ Credit Research MoneyGram International

MoneyGram International

Published Dec 23, 2009

3815 words — Published Dec 23, 2009

Price US$ 500.00 | Buy this Report Now

About This Report

Abstract:

Solid market position in the money-transfer industry. Investment portfolio generates minimal credit and market risk. High leverage and significant dividend obligations. Agent concentration in Global Funds Transfer segment. Exposure to regulatory risk. The ratings on MoneyGram International are based largely on the increased leverage that the firm incurred in its recapitalization, which closed in early 2008. MoneyGram's solid market position in the money-transfer industry is the primary positive ratings factor. We continue to believe that this business would warrant a higher rating if levered more conservatively. Agent concentration in the Global Funds Transfer segment and regulatory exposure are additional negative ratings factors. MoneyGram has a solid market position in the money transfer industry, which has grown significantly over the past

Brief Excerpt:

RESEARCH MoneyGram International Publication date: 23-Dec-2009 Primary Credit Analyst: Rian M Pressman, CFA, New York (1) 212-438-2574; rian_pressman@standardandpoors.com Secondary Credit Analyst: Jeffrey Zaun, New York (1) 212-438-2739;...

Report Type:

Full Report

Ticker

MGI

Issuer

MoneyGram International

Sector

Global Issuers

Country

United States

Region

United States

Format:

HTML

MoneyGram International Outlook Revised To Stable From Negative; 'B+' Rating Affirmed – 2010/12/17 – US$ 150.00

Research Update: MoneyGram International Outlook Revised To Stable From Negative; 'B+' Rating Affirmed – 2010/12/17 – US$ 225.00

MoneyGram International – 2010/12/29 – US$ 500.00

Summary: MoneyGram International – 2010/12/29 – US$ 225.00

MoneyGram International Upgraded To 'BB-' From 'B+'; Outlook Stable – 2011/03/30 – US$ 150.00

Summary: MoneyGram International – 2009/12/23 – US$ 225.00

MoneyGram International – 2008/12/15 – US$ 500.00

Summary: MoneyGram International – 2008/12/15 – US$ 225.00

MoneyGram International Removed From CreditWatch, 'B+' Rating Affirmed; Outlook Negative – 2008/03/27 – US$ 150.00

Research Update: MoneyGram International 'B+' Rating Affirmed, Removed From CreditWatch; Outlook Negative – 2008/03/27 – US$ 225.00

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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "MoneyGram International" Dec 23, 2009. Alacra Store. May 02, 2025. <http://www.alacrastore.com/s-and-p-credit-research/MoneyGram-International-766012>

APA:	S&P Global Ratings’ Credit Research. (). MoneyGram International Dec 23, 2009. New York, NY: Alacra Store. Retrieved May 02, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/MoneyGram-International-766012>

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