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S&P raises Global Payments' issuer credit rating on completed Total System deal

S&P Global Ratings upgraded Global Payments Inc.'s issuer credit rating to BBB- from BB+ and removed the rating from CreditWatch, where it was placed with positive implications in May.

The outlook is stable, reflecting the rating agency's expectation that Global Payments will maintain mid- to high-single-digit revenue growth and deliver a modest improvement in EBITDA margins as it realizes cost synergies from its recently completed merger with Total System Services Inc. over the next few years.

Ratings also assigned a BBB- rating to Global Payments' senior unsecured notes.

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.