| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers F > Headlines for Fidelity National Information Services Inc. > News item |
S&P rates Fidelity National notes BBB
S&P said it assigned a BBB rating to Fidelity National Information Services Inc.'s announced senior unsecured notes offering.
The proceeds will be used to repay existing debt balances.
The company’s BBB corporate credit rating is unchanged.
The ratings reflect the company's good competitive position and significant base of recurring revenues, the agency said.
The SunGard acquisition resulted in greater scale and product diversification, which further strengthen the company's business risk profile, S&P said.
Nevertheless, the sizable debt-funded transaction resulted in temporarily weaker credit measures with pro forma adjusted leverage in the high 3x range as of June 30, the agency said.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.