Research Update: Lender Processing Services Inc. 'BB+' Rating Outlook Revised To Stable From Negative On Increased Revenues Jun 12
- Language: English
- Published: June 2012
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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Lender Processing Services Inc.