Italy-based credit information provider Cerved Technologies SpA (Cerved) has been acquired by CVC Capital Partners. As part of the acquisition, Cerved issued senior secured and senior subordinated notes totaling €780 million. Cerved is the clear market leader for credit information services in Italy and has a broad, diverse client base. In our view, it has a "highly leveraged" financial risk profile and a "fair" business risk profile. We are therefore assigning our 'B' long-term corporate credit rating to Cerved. The stable outlook reflects our view that Cerved will continue to increase its revenues and maintain its strong margins. On March 26, 2013, Standard&Poor's Ratings Services assigned its 'B' long-term corporate credit rating to Italy-based credit information provider Cerved
