...+ On April 30, 2018, Mercury UK Holdco Ltd. announced it will separate the technological and digital payment activities from those that require a specific banking license. The reorganization will leave the existing Nexi SpA with those banking transactions settlement activities that require a banking license and its securities services business--its core subsidiary Nexi Cartasi will be carved out into the new group, which will focus on payments and is expected to start operating on July 1. Nonoperating holding company (NOHC) Mercury Bond Co. will also repay its 2.3 billion outstanding payment-in-kind notes and cease operations. + We are placing our '##-' rating on Nexi SpA on CreditWatch developing and our '##-' rating on Nexi Cartasi on CreditWatch negative. At the same time, we are revising the outlook on Mercury Bond Co. to stable and affirming the 'B/B' ratings on the NOHC and its outstanding PIK notes. + We aim to resolve the CreditWatch placement within months, when the future business...
