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Moody's: Visa's acquisition of Plaid is credit positive

Moody's Investors Service said Visa Inc.'s proposed acquisition of Plaid Inc. is credit positive and has no immediate impact on published ratings or outlook.

According to the rating agency, the purchase price of $4.9 billion in cash and $400 million in incentive equity will be financed via available cash and debt issuance, which will result in a modest increase in leverage.

Moody's said it believes that the strategic rationale for the acquisition is strong.