Fitch Ratings has published updated recovery analyses for U.S. technology companies, including:
--First Data Corp.
--Moneygram International, Inc.
--Sanmina-SCI Corp. (Sanmina)
--SunGard Data Systems, Inc.
--Unisys Corporation
In addition, as a result of updating its Recovery Ratings (RR) for U.S. technology companies, Fitch Ratings has upgraded the following rating for Moneygram:
Moneygram Payment Systems Worldwide, Inc.
--Senior secured second lien notes upgraded to 'BB-/RR3' from 'B+/RR4'.
The interactive recovery analysis worksheets are available at 'www.fitchratings.com' under the following headers: Sectors >> Corporate Finance >> Corporates >> Research
Additional information is available at 'www.fitchratings.com'.
The Recovery Ratings reflect the application of Fitch's current criteria which is available on Fitch's website at 'www.fitchratings.com' and specifically includes the following:
--'Corporate Rating Methodology', Aug. 13, 2010;
--'Recovery Ratings and Notching Criteria for Nonfinancial Corporate Issuers', Nov. 24, 2009;
--'Short-Term Ratings Criteria for Corporate Finance', Jun. 12, 2007.
Applicable Criteria and Related Research:
Short-Term Ratings Criteria for Corporate Finance
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=328670
Recovery Ratings and Notching Criteria for Nonfinancial Corporate Issuers
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=489006
Corporate Rating Methodology
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=546646
ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE.
Contacts:
Fitch Ratings
Jamie Rizzo, CFA, +1-212-908-0548
Senior
Director, Corporate Finance
One State Street Plaza
New York,
NY 10004
or
Media Relations:
Cindy Stoller,
+1-212-908-0526
cindy.stoller@fitchratings.com