Fidelity National Services Inc. (FIS), a leading global provider of banking and payment technologies, recently announced that it intends to issue $150 million of notes, to be added to the $600 million 7.625% senior notes due 2017. The company intends to use the proceeds of the additional notes to repay outstanding senior secured indebtedness. We are affirming our 'BB' corporate credit rating, 'BBB-' senior secured issue ratings, and 'BB-' senior unsecured ratings on the company. The stable outlook reflects FIS' diversified and recurring revenue model and consistent profitability. On Dec. 6, 2011, Standard&Poor's Ratings Services affirmed its 'BB' corporate credit rating on Jacksonville, Fla.-based Fidelity National Services Inc. (FIS). The outlook is stable. We also affirmed our 'BBB-'
