Fitch: SunGard unaffected

Fitch Ratings said SunGard Data Systems, Inc.'s B issuer default rating is unaffected by the company's amendment and extension of its secured credit facilities.

The outlook is negative.

SunGard also has a $4.7 billion senior secured term loan due 2014 and 2016 at BB-/RR2, $829 million senior secured revolving credit facility at due 2011 and 2013 at BB-/RR2, $250 million 4¾% senior notes due 2014 at B/RR4, $1.6 billion 9.125% senior unsecured notes due 2013 at B-/RR5, $500 million 10 5/8% senior unsecured notes due 2015 at B-/RR5 and $1 billion 10¼% senior subordinated notes due 2015 at CCC/RR6.

The amendments reduce intermediate-term refinancing risk by spreading SunGard's maturity schedule through 2016, which Fitch said was a modest positive.

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