NEW YORK (Standard&Poor's) Dec. 4, 2015--Standard&Poor's Ratings Services today assigned its 'BBB' issue-level rating to Jacksonville, Fla.-based Fidelity National Information Services Inc.'s (FIS) $1.5 billion unsecured delayed draw term loan facility. FIS intends to use the loan proceeds to finance the acquisition of SunGard. The 'BBB' corporate credit rating on FIS is unchanged. The ratings reflect our view of the company's good competitive position and significant base of recurring revenues. The SunGard acquisition is a sizable debt-funded transaction and will result in weaker credit measures with initial pro forma leverage in the high 3x area at close. Over the next two years, we expect FIS to restore its balance sheet strength by applying much of its
