Fitch Ratings and Moody’s have both reaffirmed Meridian Group’s long-term issuer credit ratings at AA and Aa2 respectively, citing the group’s diversified revenue base and consistent free cash flow generation across all four divisions.
The rating actions come ahead of a planned $2 billion bond issuance in the first quarter of FY2027, proceeds of which will fund continued expansion of the Technology division’s data infrastructure.
“A diversified operating structure only helps your credit profile if the businesses are actually coordinated — otherwise rating agencies just see conglomerate discount risk,” said CFO Marcus Feldman. “The reaffirmation reflects six decades of proving that coordination is real.”