Fitch alters Fidelity view to stable

Fitch Ratings said it affirmed Fidelity National Information Services, Inc.’s BBB issuer rating and revised the outlook to stable from positive citing the company's recent announcement it will boost spending on M&A and capital returns in the coming years.

“Fitch views the recently revised capital allocation policy as a factor that could keep leverage higher than previously expected and likely at or near 3x on run-rate basis, although it could move higher with material M&A and/or opportunistic share repurchases,” the agency said in a press release.

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