S&P affirms Fidelity National

Standard & Poor's said it affirmed its BB corporate credit rating on Fidelity National Services Inc. The outlook is stable.

The agency said it also affirmed its BBB- issue-level ratings on the company's senior secured credit facility with a recovery rating of 1, and the BB- issue level rating on its unsecured notes with a recovery rating of 5.

The 1 recovery rating on the senior secured debt and the 5 recovery rating on the unsecured notes remain unchanged, the agency said.

"The rating reflects our expectation that FIS will maintain consistent profitability, based on our view of the company's good market position and improved operating scale," said S&P credit analyst Molly Toll-Reed in a news release.

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