High degree of recurring revenues; Good market position; and Improving financial profile. Exposure to weakness in the financial institutions sector; and Highly competitive industry conditions. The rating reflects Standard&Poor's Ratings Services' expectation that Fidelity National Information Services Inc. (FIS) will maintain its good market position, consistent profitability and a more balanced financial policy. FIS is a leading global provider of core financial institution processing, card issuer, and transaction processing and outsourcing services. With annual revenues in excess of $5.7 billion, FIS' "satisfactory" business risk profile reflects an increasingly global market position, strong operating margins, and contractual relationships that generate a significant base of recurring revenues. We expect FIS to maintain adjusted EBITDA margins in the low-30% range, supported
