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Lender Processing Services Inc. 'BB+' Rating Outlook Revised To Stable From Negative On Increased Revenues Jun 12
Standard & Poors, June 2012
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. NEW YORK (Standard & Poor's) June 18, 2012--Standard & Poor's Ratings Services said today that it 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...
Companies mentioned in this report are: Lender Processing Services Inc.
Action: Outlook: Stable
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
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Lender Processing Services Inc.