S&P rates Fidelity National Info loan BB

Standard & Poor's said it assigned its BB corporate credit and senior secured ratings to Fidelity National Information Services Inc. (FIS).

S&P also assigned its BB bank loan rating and recovery rating of 3 to FIS' $3.2 billion senior secured credit facilities. The facility consists of a $1 billion term loan A, $1.8 billion term loan B and a $400 million revolving credit facility.

FIS is a subsidiary of Fidelity National Financial Inc. (BBB/Watch negative/--). The outlook is stable.

S&P said the ratings on FIS reflect its historically aggressive growth strategy, coupled with the heavy debt burden associated with its leveraged recapitalization. Ratings are supported by a leading niche market position, a stable recurring revenue base, and good cash-flow generation.

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