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Research Update: Lender Processing Services Inc. 'BB+' Rating Outlook Revised To Stable From Negative On Increased Revenues Jun 12 Product Image

Research Update: Lender Processing Services Inc. 'BB+' Rating Outlook Revised To Stable From Negative On Increased Revenues Jun 12

  • Published: June 2012
  • Standard & Poors

Abstract
Lender Processing Services Inc. (LPS) has continued to increase revenues of its mortgage analytics services business, including in its recent March quarter. We are affirming our 'BB+' corporate credit rating and all issue-level ratings on LPS, and are revising the rating outlook to stable from negative. Our stable outlook reflects the company's leading and defensible market presence and our expectation for stabilizing revenue and earnings, continued analytics services revenue growth, and, beginning in 2013, increases to foreclosure processing activity. On June 18, 2012, Standard & Poor's Ratings Services affirmed its 'BB+' corporate credit rating on Jacksonville, Fla.-based Lender Processing Services Inc. (LPS) and revised the rating outlook to stable from negative. We also affirmed our 'BBB' issue rating on the...

Companies mentioned in this report are: Lender Processing Services Inc.
Action: Affirmed
Action: Outlook: Stable

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Lender Processing Services Inc.

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