...May 23, 2019 NEW YORK (S&P Global Ratings) May 23, 2019--Banking and payments technology and outsourcing solutions provider Fidelity National Information Services Inc. (FIS) announced a new European commercial paper (CP) program with a total capacity of approximately $4.7 billion. The program provides an additional funding source for the acquisition of Worldpay LLC. We are assigning our 'A-2' short-term rating to the new CP program. The company also expects to raise its existing U.S. CP program and its revolving credit facility to $5.5 billion from $4 billion currently. The revolver provides full back-stop for both CP programs. Our assessment of FIS' liquidity as strong is unchanged, reflecting our expectation that it will maintain available committed revolver borrowing capacity while generating at least $2 billion in free cash flow. Our '###' issuer credit rating on FIS reflects its greater scale and diverse set of outsourced financial services that will include Worldpay's fast-growing...
