Moody’s might lift Worldpay

Moody's Investors Service said it placed the credit ratings of Worldpay, LLC under review for upgrade, including the Ba2 corporate family rating, Ba2 senior secured credit facilities rating and B1 senior unsecured notes rating.

In addition, the Ba2 rating on Worldpay Finance plc's senior unsecured notes due 2022 was also placed under review for upgrade.

The agency said the action follows Fidelity National Information Services, Inc.'s (Baa2 stable) announcement that it plans to acquire Worldpay for about $43 billion in enterprise value using about 90% stock and 10% cash.

Fidelity stated that it intends to refinance Worldpay's debt.

“The acquisition by FIS is credit positive as it combines industry leaders in bank payment processing and merchant acquiring and creates a stronger business profile than that of standalone Worldpay,” the agency said in a news release.

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