WEX Inc. Assigned 'BB' Issuer Credit Rating And Stable Outlook; Proposed $350 Million Senior Unsecured Notes Rated 'BB' - S&P Global Ratings’ Credit Research

WEX Inc. Assigned 'BB' Issuer Credit Rating And Stable Outlook; Proposed $350 Million Senior Unsecured Notes Rated 'BB'

WEX Inc. Assigned 'BB' Issuer Credit Rating And Stable Outlook; Proposed $350 Million Senior Unsecured Notes Rated 'BB' - S&P Global Ratings’ Credit Research
WEX Inc. Assigned 'BB' Issuer Credit Rating And Stable Outlook; Proposed $350 Million Senior Unsecured Notes Rated 'BB'
Published Jan 23, 2013
Published Jan 23, 2013
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

WEX's growth strategy, reliance on dividends from WEX Bank, and exposure to volatility in fuel prices are offset by the company's strong market position in the fleet cards market, high margins, well-managed credit risk, and more diverse funding profile compared with other finance companies. We assigned a 'BB' issuer credit rating, with a stable outlook, on WEX Inc. We also assigned a 'BB' rating on the company's existing $1.1 billion senior credit facility and proposed $350 million, fixed-rate, 10-year senior unsecured notes. The stable outlook reflects our expectation that WEX will maintain its strong operating performance and continue to benefit from low-cost bank funding. NEW YORK (Standard&Poor's) Jan. 23, 2013--Standard&Poor's Ratings Services today said it assigned

  
Report Type:

Ratings Action

Issuer
GICS
Data Processing & Outsourced Services (45102020)
Sector
Global Issuers
Country
Region
Format:
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WEX Inc. – 2013/02/05 – US$ 500.00

Summary: WEX Inc. – 2013/02/05 – US$ 225.00

WEX Inc. – 2014/01/10 – US$ 500.00

Summary: WEX Inc. – 2014/01/10 – US$ 225.00

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "WEX Inc. Assigned 'BB' Issuer Credit Rating And Stable Outlook; Proposed $350 Million Senior Unsecured Notes Rated 'BB'" Jan 23, 2013. Alacra Store. May 16, 2025. <http://www.alacrastore.com/s-and-p-credit-research/WEX-Inc-Assigned-BB-Issuer-Credit-Rating-And-Stable-Outlook-Proposed-350-Million-Senior-Unsecured-Notes-Rated-BB-1065776>
  
APA:
S&P Global Ratings’ Credit Research. (). WEX Inc. Assigned 'BB' Issuer Credit Rating And Stable Outlook; Proposed $350 Million Senior Unsecured Notes Rated 'BB' Jan 23, 2013. New York, NY: Alacra Store. Retrieved May 16, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/WEX-Inc-Assigned-BB-Issuer-Credit-Rating-And-Stable-Outlook-Proposed-350-Million-Senior-Unsecured-Notes-Rated-BB-1065776>
  
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