NEW YORK (Standard&Poor's) Feb. 8, 2005--Standard&Poor's Ratings Services said today that it assigned its 'BB' corporate credit and senior secured ratings on Jacksonville Fla.-based Fidelity National Information Services, Inc. (FIS). FIS is a subsidiary of Fidelity National Financial Inc. (FNF) (BBB/Watch Neg/--). The outlook is stable. "The ratings on FIS reflect its historically aggressive growth strategy, coupled with the heavy debt burden associated with its leveraged recapitalization," said Standard&Poor's credit analyst Philip Schrank. Ratings are supported by a leading niche market position, a stable recurring revenue base, and good cash-flow generation. With pro forma revenues exceeding $2.7 billion, FIS provides processing and information services to the financial services and real estate industries. While recent
