U.S. electronic payment solutions provider VeriFone's operating performance and credit metrics have improved over the past year. While antitrust matters remain outstanding, VeriFone is on track to complete the acquisition of Hypercom by the second half of 2011. We are affirming our 'BB-' corporate credit rating on the company. We are revising our outlook on VeriFone to positive from stable, reflecting our expectation of improving revenues and profits and sustained leverage at or below current levels. On March 30, 2011, Standard&Poor's Ratings Services revised its outlook on San Jose, Calif.-based VeriFone Systems Inc. to positive from stable. In addition, we affirmed our 'BB-' corporate credit rating on the company and our 'BB' issue-level rating on the company's $540
