| 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 lowers Fidelity National, gives loan BB+
Standard & Poor's said it lowered its corporate credit rating on Fidelity National Information Services Inc. to BB from BB+ and removed the rating from CreditWatch, where it was placed on June 27, with negative implications.
The outlook is stable.
At the same time, S&P said it assigned its loan and recovery ratings to Fidelity National's $1.6 billion term loan B, adding that the loan is rated BB+ with a recovery rating of 2.
In addition, the agency said it affirmed the BB+ rating on Fidelity National Information Services' $200 million notes due 2008, which became secured at the close of the transaction and rank parri passu with the bank debt.
© 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.