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Global Payments Inc. -- Moody's places Global Payments Inc.'s credit ratings, including the Ba2 corporate family rating, under review for upgrade

Moody's Investors Service ("Moody's") placed the credit ratings of Global Payments Inc. ("Global Payments") under review for upgrade, including the Ba2 Corporate Family Rating ("CFR") and Ba2 senior secured credit facility rating. This rating action follows the announcement of an agreement by Global Payments to merge with Total System Services, Inc ("TSYS", Baa3 stable) in an all-stock transaction which is expected to close in the second half of 2019.