NEW YORK (Standard&Poor's) Feb. 24, 2016--Standard&Poor's Ratings Services today assigned its 'BBB-' issue-level rating to U.S. electronic payment processing services provider Total System Services Inc.'s (TSS) new credit facilities. The new facilities consist of a $700 million five-year unsecured term loan and an $800 million unsecured revolver. The company intends to use the proceeds to repay existing term loan balances and to partially fund the acquisition of TransFirst. The 'BBB-' corporate credit rating on TSS is unchanged. The ratings reflect our view of the company's defensible market position as one of the major outsourced service providers to the U.S. card issuing community and that the acquisition of TransFirst will result in weaker credit measures with initial
