On April 1, 2009, Standard&Poor's Ratings Services affirmed its 'BB+' corporate credit rating on Jacksonville, Fla.-based Fidelity National Information Services Inc. (FIS). The rating outlook is revised to positive from stable. We assigned our 'BBB' bank loan rating to FIS' proposed senior secured $145 million accounts receivable-backed revolving credit facility due 2013--two notches higher than the company's corporate credit rating, with a '1' recovery rating, indicating the expectation for very high (90% to 100%) recovery in the event of a payment default or bankruptcy scenario. At the same time, we assigned our 'BB+' bank loan rating to FIS' $1.995 billion senior secured term loan A and $500 million senior secured term loan C, with a '3' recovery rating,
