ION Merges Units, Will Take Prudent Financial Approach: Moody’s

ION recently announced the merger of its units, called ION Markets, ION Analytics and ION Corporates into a new company called ION Platform Investment, according to a statement by Moody’s Ratings.

• Moody’s assigned a B2 rating to ION Platform, and said it expects “financial policy will become more prudent in coming years compared with the historical pattern of regular debt add-ons”
• A spokesperson for ION wasn’t immediately available to comment
• Moody’s also cites enhanced business profile of the combined ION entity, potential for cost savings and operational leverage to improve margins of the combined group, and comparatively stronger credit metrics ...