On May 18, 2010, U.S. banking and payments technology provider FIS announced that it will pursue a leveraged recapitalization with a substantial share repurchase. We are placing our 'BB+' corporate credit rating on FIS on CreditWatch with negative implications. The CreditWatch placement reflects the potential degradation in the company's capital structure and uncertainty with regard to financial policy. On May 18, 2010, Standard&Poor's Ratings Services placed its ratings on Jacksonville, Fla.-based banking and payments technology provider Fidelity National Information Services Inc. (FIS) on CreditWatch with negative implications. FIS is a leading provider of core financial institution processing, card issuer, and transaction processing and outsourcing services. Our current rating on FIS reflects an enhanced market position, improved operating scale,
