Fidelity National Information Services Inc. Upgraded To 'BB+'; Proposed Unsecured $500M Notes Rated 'BB+' (Recovery: 3) Mar 12

Standard & Poors, March 2012

Abstract
Fidelity National Services (FIS), a leading global provider of banking and payment technologies, reported strong operating results and reduced debt in fiscal 2011. FIS recently announced that it intends to issue $500 million of senior unsecured notes due 2017, using the proceeds to repay outstanding senior secured indebtedness. We are raising our corporate credit rating on FIS to 'BB+' from 'BB' and assigning a 'BB+' issue rating with a '3' recovery rating to the proposed unsecured notes. The stable outlook reflects FIS' diversified and recurring revenue model and consistent profitability. NEW YORK (Standard & Poor's) March 5, 2012--Standard & Poor's Ratings Services said today that it raised its corporate credit rating on Jacksonville, Fla.-based Fidelity National Services Inc. (FIS) to...

Companies mentioned in this report are: Fidelity National Information Services Inc.
Action: Upgraded

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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.

Fidelity National Information Services Inc.

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