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. On January 27, 2017, S&P Global Ratings 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
