Lender Processing Services Inc. Outlook Revised To Negative On Expected Near-Term Revenue, Earnings Weakness Jun 11
- ID: 1829821
- June 2011
- Standard & Poors
Lender Processing Services Inc. (LPS), a leading North American provider of technology and services to the mortgage and real estate industry, recently announced that it expects a sequential decline in revenue and earnings in the June 2011 quarter, reflecting weakness in both mortgage origination and default volumes. We are affirming our 'BB+' corporate credit rating, and revising the outlook to negative from stable. The negative outlook reflects our expectation of near-term revenue and earnings weakness, and greater uncertainty regarding the timing and impact of new financial industry regulations on LPS' financial profile. NEW YORK (Standard & Poor's) June 17, 2011--Standard & Poor's Ratings Services said today that it affirmed its 'BB+' corporate credit rating on Jacksonville, Fla.-based Lender Processing Services...
Companies mentioned in this report are: Lender Processing Services Inc.
Action: Outlook: Negative
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Research type: News
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