LEAWOOD, Kan., Feb. 6, 2013 (GLOBE NEWSWIRE) -- Euronet Worldwide, Inc. (Nasdaq:EEFT), a leading global electronic payments provider and distributor, announced it has been assigned an issuer credit rating of BBB- by Standard & Poor's Rating Services ("S&P") with a stable outlook.
"We believe that S&P's investment-grade designation reflects our ability to consistently generate strong free cash flows which have allowed us to deleverage, fund acquisitions and repurchase shares," stated Michael J. Brown, Euronet's Chairman and Chief Executive Officer. "This S&P rating offers an independent perspective that validates the strength of our financial position and our conservative balance sheet management, and should give our customers, vendors and content providers additional confidence regarding financial strength."
Information regarding Euronet's rating assignment can be found on the Standard & Poor's website at www.standardandpoors.com . None of the information on this website, including that research report, is incorporated by reference into or is otherwise a part of this press release.The credit rating assigned to Euronet Worldwide by S&P is subject to change based upon, among other factors, changes in Euronet's operational or financial condition. This rating is subject to ongoing evaluation by S&P and Euronet cannot guarantee the rating will not be changed or withdrawn in the future by the rating agency if the agency feels circumstances warrant. This rating does not relate to Euronet's common stock, and is not a recommendation to buy, sell or hold Euronet's stock or any other securities. About Euronet Worldwide, Inc. Euronet Worldwide is an industry leader in processing secure electronic financial transactions. The Company offers payment and transaction processing solutions to financial institutions, retailers, service providers and individual consumers. These services include comprehensive ATM, POS and card outsourcing services, card issuing and merchant acquiring services, software solutions, consumer money transfer and bill payment services, and electronic distribution for prepaid mobile phone time and other prepaid products.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV