Sweden-based Securitas AB has announced plans to acquire Diebold Electronic Security North America for $350 million, fully funded with debt. We estimate that the acquisition will result in weaker credit metrics than our previous expectation of improvement in financial years 2016 and 2017. As a result, we are revising our outlook on Securitas to stable from positive. At the same time, we are affirming our 'BBB' long-term corporate credit rating on the company. The stable outlook reflects our view that Securitas will be able to maintain its steady organic growth as the revenue contribution from its security solutions and technology gradually increases. On Nov. 12, 2015, Standard&Poor's Ratings Services revised its outlook on Sweden-based security services provider Securitas
