Research Update: Synchrony Financial Outlook Revised To Negative On Announcement Walmart Partnership Will End; 'BBB-' Rating Affirmed - S&P Global Ratings’ Credit Research

Research Update: Synchrony Financial Outlook Revised To Negative On Announcement Walmart Partnership Will End; 'BBB-' Rating Affirmed

Research Update: Synchrony Financial Outlook Revised To Negative On Announcement Walmart Partnership Will End; 'BBB-' Rating Affirmed - S&P Global Ratings’ Credit Research
Research Update: Synchrony Financial Outlook Revised To Negative On Announcement Walmart Partnership Will End; 'BBB-' Rating Affirmed
Published Jul 30, 2018
7 pages (2123 words) — Published Jul 30, 2018
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

Synchrony Financial's partnership with Walmart Inc. will end on July 31, 2019. The company is analyzing strategic alternatives for its Walmart receivables portfolio. We are revising our outlook on Synchrony Financial and its bank subsidiary, Synchrony Bank, to negative and affirming our ratings at 'BBB-' and 'BBB', respectively. The negative outlook reflects the strategic uncertainty associated with the loss of one of Synchrony's largest retail partners. On July 30, 2018, S&P Global Ratings revised its outlook on Synchrony Financial and its bank subsidiary, Synchrony Bank, to negative from stable and affirmed its ratings at 'BBB-' and 'BBB', respectively. The outlook revision reflects the ending of the longstanding Walmart Inc. partnership (on July 31, 2019) and the implications for Synchrony's competitive

  
Brief Excerpt:

...+ Synchrony Financial's partnership with Walmart Inc. will end on July 31, 2019. + The company is analyzing strategic alternatives for its Walmart receivables portfolio. + We are revising our outlook on Synchrony Financial and its bank subsidiary, Synchrony Bank, to negative and affirming our ratings at '###-' and '###', respectively. + The negative outlook reflects the strategic uncertainty associated with the loss of one of Synchrony's largest retail partners....

  
Report Type:

Research Update

Issuer
Synchrony Financial
GICS
Consumer Finance (40202010)
Sector
Global Issuers, Structured Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: Synchrony Financial Outlook Revised To Negative On Announcement Walmart Partnership Will End; 'BBB-' Rating Affirmed" Jul 30, 2018. Alacra Store. May 05, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Synchrony-Financial-Outlook-Revised-To-Negative-On-Announcement-Walmart-Partnership-Will-End-BBB-Rating-Affirmed-2079380>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Synchrony Financial Outlook Revised To Negative On Announcement Walmart Partnership Will End; 'BBB-' Rating Affirmed Jul 30, 2018. New York, NY: Alacra Store. Retrieved May 05, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Synchrony-Financial-Outlook-Revised-To-Negative-On-Announcement-Walmart-Partnership-Will-End-BBB-Rating-Affirmed-2079380>
  
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