IHS Inc. -- Moody's says the proposed acquisition of OPIS is credit negative for IHS

New York, January 12, 2016 -- On 8 January 2016, IHS Inc. announced that it plans to acquire Oil Price Information Service, LLC, ("OPIS"), a provider of U.S. refined petroleum pricing and data services, for $650 million. Moody's Investors Service (Moody's) views the planned acquisition as credit negative for IHS because Moody's estimates that IHS' total debt to EBITDA (Moody's adjusted) will increase by 1.1x to 4.7x, reflecting the cumulative increase in debt resulting from the acquisition of CARPROOF which closed on December 28, 2015, and the proposed OPIS acquisition.

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