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BULLETIN: Fidelity National Information Services Inc. Announcement Will Not Affect Ratings Apr 06
Standard & Poors, April 2006
Abstract
NEW YORK (Standard & Poor's) April 27, 2006--Jacksonville, Fla.-based Fidelity National Information Services Inc. (FIS) today announced that a special committee has been formed to evaluate and negotiate a formal proposal, resulting in FIS becoming an independent public company. FIS, is a majority owned subsidiary of Fidelity National Financial Inc. (FNF). Standard & Poor's Ratings Services does not expect these actions, if successful, to have an impact on its ratings or outlook for FIS. The plan involves a number of transactions that will effectively result in the three public companies that currently comprise the FNF family of companies, FNF, Fidelity National Title, Inc. and FIS, becoming two public companies (a New FNF and the existing FIS). FIS would issue its...
Companies mentioned in this report are: Fidelity National Information Services Inc.,Fidelity National Financial Inc.
Action: Bulletin
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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