Summary: Total System Services Inc. - S&P Global Ratings’ Credit Research

Summary: Total System Services Inc.

Summary: Total System Services Inc. - S&P Global Ratings’ Credit Research
Summary: Total System Services Inc.
Published Aug 28, 2014
1585 words — Published Aug 28, 2014
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

Position as one of the leading providers of U.S. payment card issuing and merchant payment processing services; Solid growth prospects in prepaid card markets, partially offset by lower growth in more mature merchant processing and card issuing markets; Financial institution client concentration; and Significant level of recurring transaction processing revenues. Moderate shareholder return posture and acquisition appetite within a 2x gross leverage target; Free cash flow of between about $350 million to $400 million over the coming year; and Adequate liquidity. Standard&Poor's Ratings Services' stable outlook on Total System Services Inc. reflects the company's moderate acquisition appetite within its 2x gross leverage framework, with our expectation of only temporary increases in leverage to accommodate acquisition spending. We net

  
Brief Excerpt:

RESEARCH Summary: Total System Services Inc. Publication date: 28-Aug-2014 Primary Credit Analyst: John D Moore, New York (1) 212-438-2140; john.moore@standardandpoors.com Secondary Contact: Jenny Chang, CFA, New York (1) 212-438-8671;...

  
Report Type:

Summary

Ticker
TSS
Issuer
Total System Services Inc.
GICS
Data Processing & Outsourced Services (45102020)
Sector
Global Issuers
Country
United States
Region
United States
Format:
HTML HTML
Buy Now

More from S&P Global Ratings’ Credit Research

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Summary: Total System Services Inc." Aug 28, 2014. Alacra Store. May 07, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Total-System-Services-Inc-1355716>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Total System Services Inc. Aug 28, 2014. New York, NY: Alacra Store. Retrieved May 07, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Total-System-Services-Inc-1355716>
  
US$ 225.00
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Credit Research from one place.