Fidelity National Information Services Inc. 'BBB' Corporate Credit Rating Affirmed; Outlook Revised To Stable - S&P Global Ratings’ Credit Research

Fidelity National Information Services Inc. 'BBB' Corporate Credit Rating Affirmed; Outlook Revised To Stable

Fidelity National Information Services Inc. 'BBB' Corporate Credit Rating Affirmed; Outlook Revised To Stable - S&P Global Ratings’ Credit Research
Fidelity National Information Services Inc. 'BBB' Corporate Credit Rating Affirmed; Outlook Revised To Stable
Published May 05, 2017
3 pages (1268 words) — Published May 05, 2017
Price US$ 150.00  |  Buy this Report Now

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Abstract:

Fidelity National Information Services Inc., a leading global provider of banking and payment technologies, has reduced leverage to about 3x, and we expect further deleveraging over the next year. We are affirming our corporate credit rating at 'BBB' and revising the outlook to stable from negative. The stable outlook reflects our expectation that the company's low-single-digit percent revenue growth, strong cash flows, and moderate financial policies, will enable it to lower and maintain leverage below 3x over the next two years. NEW YORK (S&P Global Ratings) May 5, 2017--S&P Global Ratings today affirmed all of its ratings, including the 'BBB' corporate credit rating, on Jacksonville, Fla.-based Fidelity National Information Services Inc. (FIS) and revised the outlook to stable from negative.

  
Brief Excerpt:

...+ Fidelity National Information Services Inc., a leading global provider of banking and payment technologies, has reduced leverage to about 3x, and we expect further deleveraging over the next year. + We are affirming our corporate credit rating at '###' and revising the outlook to stable from negative. + The stable outlook reflects our expectation that the company's low-single-digit percent revenue growth, strong cash flows, and moderate financial policies, will enable it to lower and maintain leverage below 3x over the next two years. NEW YORK (S&P Global Ratings) May 5, 2017--S&P Global Ratings today affirmed all of its ratings, including the '###' corporate credit rating, on Jacksonville, Fla.-based Fidelity National Information Services Inc. (FIS) and revised the outlook to stable from negative. FIS has substantially reduced its debt since the Sungard acquisition closed in late 2015. We expect further deleveraging in the coming year, as the company's objective is to reduce pre-payable...

  
Report Type:

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. 'BBB' Corporate Credit Rating Affirmed; Outlook Revised To Stable" May 05, 2017. Alacra Store. May 19, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Fidelity-National-Information-Services-Inc-BBB-Corporate-Credit-Rating-Affirmed-Outlook-Revised-To-Stable-1844521>
  
APA:
S&P Global Ratings’ Credit Research. (). Fidelity National Information Services Inc. 'BBB' Corporate Credit Rating Affirmed; Outlook Revised To Stable May 05, 2017. New York, NY: Alacra Store. Retrieved May 19, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Fidelity-National-Information-Services-Inc-BBB-Corporate-Credit-Rating-Affirmed-Outlook-Revised-To-Stable-1844521>
  
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