WEX Inc. announced that it acquired Evolution1 Inc., a payments solution provider in the health care industry, for approximately $532.5 million. We expect the company's leverage to rise to 3.5x-4.0x from 2.0x as a result of the Evolution1 acquisition as well as another transaction that we expect to close later this year or early 2015. We are lowering our long-term issuer credit rating on WEX to 'BB-' from 'BB' and removing it from CreditWatch, where we placed it with negative implications on June 17, 2014. The stable outlook reflects our expectation that WEX will maintain its strong operating performance and successfully integrate Evolution1. On July 17, 2014, Standard&Poor's Ratings Services lowered its long-term issuer credit rating on South
