...+ Ant Financial Services Group (Ant Financial) announced today that it would buy MoneyGram International (MGI) in an all-cash transaction. + We expect that all MGI debt will be retired when the transaction closes. + We are placing our ratings on MGI on CreditWatch with positive implications + The CreditWatch placement reflects our view that the transaction will enhance MGI credit profile as all its outstanding debt will be retired. NEW YORK (S&P Global Ratings) Jan. 27, 2017--, S&P Global Ratings said today it has placed all of its ratings on Dallas-based MoneyGram International including the 'B+' issuer credit rating, on CreditWatch with positive implications. "MGI and Ant Financial entered into a definitive all-cash merger agreement with stockholders of MGI being offered $13.25 per share for a total transaction value of about $880 million," said S&P Global Ratings credit analyst Chris Cary. Upon the close of the transaction we expect that all of MGI's outstanding corporate debt will be...
