Fidelity National Information Services Inc. BB+ Ratings Affirmed; Outlook Revised To Positive - S&P Global Ratings’ Credit Research

Fidelity National Information Services Inc. BB+ Ratings Affirmed; Outlook Revised To Positive

Fidelity National Information Services Inc. BB+ Ratings Affirmed; Outlook Revised To Positive - S&P Global Ratings’ Credit Research
Fidelity National Information Services Inc. BB+ Ratings Affirmed; Outlook Revised To Positive
Published Apr 01, 2009
Published Apr 01, 2009
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Abstract:

NEW YORK (Standard&Poor's) April 1, 2009--Standard&Poor's Ratings Services said today that it affirmed its 'BB+' corporate credit rating on Jacksonville, Fla.-based Fidelity National Information Services Inc. (FIS). The rating outlook is revised to positive from stable. We assigned our 'BBB' bank loan rating to FIS' proposed senior secured $145 million accounts receivable-backed revolving credit facility due 2013--two notches higher than the company's corporate credit rating, with a '1' recovery rating, indicating the expectation for very high (90% to 100%) recovery in the event of a payment default or bankruptcy scenario. At the same time, we assigned our 'BB+' bank loan rating to FIS' $1.995 billion senior secured term loan A and $500 million senior secured term

  
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Ratings Action

Ticker
Issuer
GICS
Data Processing & Outsourced Services (45102020)
Sector
Global Issuers
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MLA:
S&P Global Ratings’ Credit Research. "Fidelity National Information Services Inc. BB+ Ratings Affirmed; Outlook Revised To Positive" Apr 01, 2009. Alacra Store. May 20, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Fidelity-National-Information-Services-Inc-BB-Ratings-Affirmed-Outlook-Revised-To-Positive-713167>
  
APA:
S&P Global Ratings’ Credit Research. (). Fidelity National Information Services Inc. BB+ Ratings Affirmed; Outlook Revised To Positive Apr 01, 2009. New York, NY: Alacra Store. Retrieved May 20, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Fidelity-National-Information-Services-Inc-BB-Ratings-Affirmed-Outlook-Revised-To-Positive-713167>
  
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