OREANDA-NEWS. S&P Global Ratings today said it withdrew all of its ratings, including the 'B' corporate credit rating, on Miami-based Emerging Markets Communications LLC.

"The ratings withdrawal follows the completion of GEE's acquisition of EMC for $550 million," said S&P Global Ratings credit analyst Rose Askinazi.

The transaction was funded with $85 million in cash, 5.5 million shares of stock, and the assumption of $386 million in debt. The company will pay an additional $25 million of deferred consideration in cash or stock in 2017. While existing debt at EMC will remain outstanding, we do not currently rate GEE, and as a result, do not have sufficient information to determine the company's credit quality going forward.