The stable outlook on Sweden-based credit management services (CMS) and debt-purchasing company Intrum Justitia AB (publ) reflects S&P Global Ratings' expectation that Intrum's merger with Lindorff, while adding leverage and operational risks, will be well managed. We also expect that Intrum will work to reduce the initial increase in leverage and take advantage of available synergies. In our base case, we do not anticipate any changes to the rating over the coming 12 months. We could raise the rating if we saw steady improvement in Intrum's credit metrics in the quarters after the transaction, indicating continuation of a conservative financial policy. In addition, demonstrable synergies could result in incremental improvements in the business profile, especially supported by signs of deleveraging,
