Moody's could up Metavante

Moody's Investors Service said it placed the Ba2 corporate family and senior secured credit facilities ratings and the Ba3 probability-of-default rating for Metavante Corp. on review for upgrade.

The company has a $250 million senior secured revolving credit facility due 2013 rated Ba2 (LGD3, 34%) and $1.75 billion senior secured term loan B due 2014 rated Ba2 (LGD3, 34%).

The action follows Fidelity National Information Services, Inc.'s plans to acquire Metavante in a stock-for-stock deal, according to the agency.

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