...NEW YORK (S&P Global Ratings) June 26, 2017----S&P Global Ratings today assigned its '###' issue-level rating to Jacksonville, Fla.-based banking and payment technologies provider Fidelity National Information Services Inc.'s (FIS) announced senior unsecured notes offering. FIS will use the proceeds to repay existing senior unsecured notes of up to $2 billion across the capital structure. We expect leverage to be relatively unchanged as a result of this transaction. The '###' corporate credit rating on FIS remains unchanged. The ratings reflect the company's substantial scale, product diversification, and large base of recurring revenues. The company enjoys barriers to entry and high switching costs from mission-critical software and services provided to global scale financial institutions burdened by complex compliance and regulatory requirement. Adjusted leverage amounted to slightly above 3x as of March 31, 2017. Over the coming year, we expect the company to generate at least $1.5 billion...
