The rating reflects our expectation that Fidelity National Information Services Inc. (FIS) will maintain a "satisfactory" business risk profile, reflecting a good market position and consistent profitability. In addition, we expect a more balanced financial policy will lead to near-term improvement in debt-protection measures and support an improvement in FIS' financial risk profile, which we currently view as "aggressive". FIS is a leading global provider of core financial institution processing, card issuer, and transaction processing and outsourcing services. With annual revenues in excess of $5.8 billion, FIS' satisfactory business risk profile reflects an increasingly global market position, strong operating margins and contractual relationships that generate a significant base of recurring revenues. We expect FIS to maintain adjusted EBITDA margins in
