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S&P affirms Mastercard following Nets deal announcement

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S&P affirms Mastercard following Nets deal announcement

S&P Global Ratings affirmed Mastercard Inc.'s A+/A-1 long- and short-term issuer credit ratings following the announcement of the company's planned acquisition of the majority of the corporate service businesses of European payments technology company Nets A/S.

The outlook on the long-term rating is stable, reflecting Ratings' expectation that Mastercard will maintain solid earnings growth, among other things.

The rating agency believes that even though Mastercard's Nets deal will increase its leverage beyond its prior expectation, the credit card company will maintain a strong financial position and benefit from added diversification in real-time account-based payments.

This S&P Global Market Intelligence news article may contain information about credit ratings issued by S&P Global Ratings. Descriptions in this news article were not prepared by S&P Global Ratings.