U.S. electronic payment solutions provider VeriFone reported sequential revenue growth and strong operating performance in the quarter ended Jan. 31, 2010. The company's financial profile has improved and it has demonstrated more consistent operating performance. We raised our corporate credit rating on VeriFone to 'BB-' from 'B+'. The stable outlook reflects VeriFone's good market position, more consistent operating performance, and improved financial profile and liquidity. NEW YORK (Standard&Poor's) March 11, 2010--Standard&Poor's Ratings Services said today it raised its corporate credit rating on San Jose, Calif.-based electronic payment solutions provider VeriFone Inc. and VeriFone Holdings Inc. to 'BB-' from 'B+'. "The upgrade reflects the company's improved financial performance, moderate leverage, and good liquidity," said Standard&Poor's
