FIS Upgraded by S&P
JACKSONVILLE, Fla. -- January 18, 2013
FIS™ (NYSE: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.
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.
FIS (NYSE:FIS) 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. For more information about FIS, visit
Kim Snider, 904.438.6278
FIS Global Marketing and Communications
Mary Waggoner, 904.438.6282
Senior Vice President
FIS Investor Relations
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