U.S. Markets closed

Equifax Inc. -- Moody's affirms Equifax sr uns at Baa1, revises outlook to negative from stable

Moody's Investors Service ("Moody's") affirmed Equifax Inc.'s ("Equifax") senior unsecured rating at Baa1 and short term rating at Prime-2. Moody's current view incorporates incremental debt associated with the announced potential global litigation and regulatory investigation settlement, expected minimal revenue and margin growth in Equifax's core business through 2019 and higher than expected information technology costs stemming from the breach. Moody's view for free cash flow has also been revised to less than 5% of debt over the next 12-18 months from its prior expectation of around 13% by year-end 2019.