S&P puts Worldpay on positive watch

S&P said it placed Worldpay Inc.'s BB+ issuer credit rating on CreditWatch with positive implications, reflecting its increased scale and diversity as a combined business.

The agency said it expects to resolve the CreditWatch placement when the acquisition closes or all outstanding debt is repaid.

The CreditWatch placement follows Fidelity National Information Services Inc.'s announcement that it intends to acquire Worldpay, S&P said.

The agency said it expects that Worldpay will be absorbed into Fidelity once the transaction is completed.

The CreditWatch status will be resolved once the merger closes or when all of Worldpay's outstanding debt is repaid, at which time S&P said it will likely withdraw all of the ratings.

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