S&P lifts Metavante loan to BBB

Standard & Poor's said it upgraded Metavante Corp.'s $800 million term loan B to BBB with a recovery rating of 1 from BB with a recovery rating of 3 and removed it from CreditWatch with positive implications. The company's BB corporate credit rating and the BB rating on its $250 million revolving credit facility were withdrawn.

The rating actions follow the completed acquisition of Metavante by Fidelity National Information Services Inc. (BB+/positive).

The term loan B has been assumed by Fidelity as acquired debt.

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