...- Fair Isaac Corp. (FICO), a global provider of decision data analytics and software and service solutions, plans to issue a $500 million add-on to existing senior unsecured notes to repay $495 million in revolver borrowings that it recently used for opportunistic share repurchases. - Pro forma for the transaction, S&P Global Ratings'-adjusted leverage will rise to the high-2x area as of fiscal-year-ended Sept. 30, 2021, up from 2.1x. - We affirmed the '##+' issuer credit and issue-level rating on FICO and its unsecured notes (including the $500 million add-on). The '3' recovery rating remains unchanged. We also assigned a '##+' issue-level and '3' recovery ratings to the company's unsecured credit facility, which includes a $600 million revolver and $300 million term loan. - The stable outlook reflects our view that FICO will maintain its competitive position within the Scores and Software segments, driving high-single-digit total revenue growth and adjusted EBITDA margins in the 40% area...
