S&P rates Euronet BBB-

Standard & Poor's said it assigned a BBB- credit rating on Euronet Worldwide Inc.

The outlook is stable.

The rating reflects the company's strong, high quality earnings, good product and geographic diversification and well-managed leverage and funding, S&P said.

Offsetting factors include exposure to exchange-rate fluctuations, key man risk and risks arising from the company's growth plans, the agency said.

Specifically, management's investment in expanding three business lines simultaneously entails operational risks and constrains earnings, S&P said.

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