MoneyGram International is currently subject to rival bids from Ant Financial Group and Euronet Worldwide Inc. We expect that regardless of which entity acquires MoneyGram, all of its outstanding debt will be retired when a transaction closes. Our 'B+' issuer credit and senior secured debt ratings on MoneyGram remain on CreditWatch with positive implications. The CreditWatch placement reflects our view that a transaction will enhance MoneyGram's credit profile by lowering its leverage. On April 12, 2017, S&P Global Ratings said its 'B+' issuer credit and senior secured debt ratings on Dallas-based MoneyGram International remain on CreditWatch with positive implications. Our ratings on MoneyGram reflect the company's position as a key player in the steadily growing global remittance market with an
