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S&P lifts SunGard Data
Standard & Poor’s said it raised the corporate rating on SunGard Data Systems Inc. to BBB from B+ following its acquisition by Fidelity National Information Services.
The agency also said it removed all of the ratings from CreditWatch, where they were placed with positive implications in August.
The agency said it subsequently withdrew the BBB corporate credit rating on SunGard Data Systems, along with the issue-level and recovery ratings on its senior secured credit facilities, senior unsecured notes and subordinated notes.
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