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TEXT-S&P summary: Edenred S.A.

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Fri Apr 27, 2012 6:06am EDT

(The following statement was released by the rating agency)

Apr 27 -

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Summary analysis -- Edenred S.A. ---------------------------------- 27-Apr-2012

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CREDIT RATING: BBB+/Stable/A-2 Country: France

Primary SIC: Business

services, nec

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Credit Rating History:

Local currency Foreign currency

09-Jun-2010 BBB+/A-2 BBB+/A-2

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Rationale

The ratings on France-based prepaid services provider Edenred S.A. reflect Standard & Poor's Ratings Services' view of its business risk profile as "strong" and financial risk profile as "intermediate."
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