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FIS Upgraded by S&P - FIS™, the world’s largest provider of banking and payments technology, announced today that Standard & Poor’s (S&P) Ratings Services has upgraded FIS’ corporate credit rating from BB+ to BBB- with a stable outlook (NYSE: FIS) - FISglobal.com
FIS Upgraded by S&P

 

PRZOOM - /newswire/ - Jacksonville, FL, United States, 2013/01/18 - FIS™, the world’s largest provider of banking and payments technology, announced today that Standard & Poor’s (S&P) Ratings Services has upgraded FIS’ corporate credit rating from BB+ to BBB- with a stable outlook (NYSE: FIS) - FISglobal.com. NYSE: FIS

   
 
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S&P cited the company’s strong and consistent operating performance and cash flow, an expectation of a strategic focus on largely organic growth, and moderate financial policies.

“We are pleased that S&P recognizes the significant progress FIS has made in strengthening our balance sheet and achieving our stated goals to grow the business organically, expand margins and drive earnings growth, while maintaining a disciplined capital allocation policy,” said Frank Martire, chairman and chief executive officer of FIS.

About FIS

FIS (fisglobal.com) is the world’s largest global provider dedicated to banking and payments technologies. With a long history deeply rooted in the financial services sector, FIS serves more than 14,000 institutions in over 100 countries. Headquartered in Jacksonville, Fla., FIS employs more than 32,000 people worldwide and holds leadership positions in payment processing and banking solutions, providing software, services and outsourcing of the technology that drives financial institutions. First in financial technology, FIS tops the annual FinTech 100 list, is 425 on the Fortune 500 and is a member of Standard & Poor’s 500® Index.

Contact: Mary Waggoner, SVP, FIS Investor Relations
P: 904.438.6282, E: mary.waggoner[.]fisglobal.com.

 
 
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Agency / Source: FIS

 
 

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FIS Upgraded by S&P

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FIS |
Contact: Kim Snider - FISglobal.com 
904-438-6278 kim.snider[.]fisglobal.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any FIS securities in any jurisdiction including any other companies listed or named in this release.

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