U.S. card and payment processing service provider Total System Services Inc. (TSYS) continues to increase its organic revenues in the mid- to high-single digits, including year-over-year performance in its latest quarter ended March 2012. We are raising our rating on TSYS to 'BBB+' from 'BBB', reflecting the company's prospects for revenue growth, supported by favorable payment processing industry trends, as well as our expectation that TSYS will continue to operate with leverage appropriate for the rating. Our stable outlook reflects the company's defensible market position and good revenue predictability in growing payment processing markets. On June 22, 2012, Standard&Poor's Rating Services raised its rating on Columbus, Ga.-based Total System Services Inc. (TSYS) to 'BBB+' from 'BBB', reflecting the
