Home Credit Ratings and Research S&P Global Ratings’ Credit Research Fidelity National Information Services Inc.

Research Update: Fidelity National Information Services Rating Lowered to 'BB', Off CreditWatch, Outlook Stable

Published Sep 17, 2007

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Abstract:

On Sept. 17, 2007, Standard&Poor's Ratings Services lowered its corporate credit rating on Jacksonville, Fla.-based Fidelity National Information Services Inc. (FIS) to 'BB' from 'BB+' and removed the rating from CreditWatch, where it was placed on June 27, 2007, with negative implications. The rating outlook is stable. At the same time, Standard&Poor's assigned its loan and recovery ratings to FIS's $1.6 billion term loan B. The loan is rated 'BB+' (one notch higher than the corporate credit rating on the company), with a recovery rating of '2', indicating the expectation for substantial (70%-90%) recovery in the event of a payment default. Proceeds from the term loan will be used to fund FIS's $1.8 billion purchase of

Report Type:

Research Update

Ticker

FIS

Issuer

Fidelity National Information Services Inc.

GICS

Data Processing & Outsourced Services (45102020)

Sector

Global Issuers

Country

United States

Region

United States

Format:

HTML

Summary: Fidelity National Information Services Inc. – 2007/09/20 – US$ 225.00

Fidelity National Information Services Inc. On Watch Negative Due To Spin-Off Plans – 2007/10/25 – US$ 150.00

Research Update: Fidelity National Information Services Inc. On Watch Negative Following Spin-Off Announcement – 2007/10/25 – US$ 225.00

Fidelity National Information Services Inc. CreditWatch Implications Revised To Developing – 2008/04/28 – US$ 150.00

Research Update: Fidelity National Information Services CreditWatch Implications Revised To Developing – 2008/04/28 – US$ 225.00

Fidelity National Information Services Rating Cut To 'BB', Off CreditWatch, Outlook Stable – 2007/09/17 – US$ 150.00

Fidelity National Information Services Inc. 'BB+' Ratings On CreditWatch Negative – 2007/06/27 – US$ 150.00

Research Update: Fidelity National Information Services Inc. Ratings Placed On CreditWatch Negative – 2007/06/27 – US$ 225.00

Fidelity National Information Services Inc. – 2007/05/25 – US$ 500.00

Summary: Fidelity National Information Services Inc. – 2007/05/25 – US$ 225.00

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Research Update: Fidelity National Information Services Rating Lowered to 'BB', Off CreditWatch, Outlook Stable" Sep 17, 2007. Alacra Store. May 20, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Fidelity-National-Information-Services-Rating-Lowered-to-BB-Off-CreditWatch-Outlook-Stable-602550>

APA:	S&P Global Ratings’ Credit Research. (). Research Update: Fidelity National Information Services Rating Lowered to 'BB', Off CreditWatch, Outlook Stable Sep 17, 2007. New York, NY: Alacra Store. Retrieved May 20, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Fidelity-National-Information-Services-Rating-Lowered-to-BB-Off-CreditWatch-Outlook-Stable-602550>

US$ 225.00

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