NEW YORK (Standard&Poor's) July 7, 2010--Standard&Poor's Ratings Services said today it assigned its 'BB-' issue-level rating and '5' recovery rating to Jacksonville, Fla.-based transaction processor Fidelity National Information Services Inc.'s (FIS) new $1.2 billion of senior unsecured notes. The '5' recovery rating indicates expectations for modest (10%-30%) recovery in the event of payment default. FIS recently announced that it will pursue a leveraged recapitalization issuing $2.5 billion of incremental debt to repurchase its common stock through a Dutch auction tender offer. The company also plans to repay the remaining $230 million on the term loan B at Metavante Corp. The transactions will be funded with a new term loan B, an incremental term loan A, a
