Cuscal Ltd.'s just completed IPO will support future growth. It will give the company access to capital from public markets to support growth and acquisitions. We affirmed our 'AA-' long-term and 'A-1+' short-term issuer credit ratings on Cuscal. The company is a provider of payments infrastructure services largely to Australia's authorized deposit-taking institutions. The stable outlook on the long-term rating for the next 24 months reflects our view that Cuscal will remain a systemically important institution in Australia. On Nov. 27, 2024, S&P Global Ratings affirmed its 'AA-' long-term issuer credit rating on Cuscal Ltd. The outlook is stable. At the same time, we affirmed our 'A-1+' short-term issuer credit rating on the payment provider. We envisage Cuscal will continue
