Fitch Ratings has affirmed and simultaneously withdrawn the following ratings for SunGard Data Systems, Inc.(SunGard):
--Issuer Default Rating (IDR) at 'B+';
--Senior Secured credit facility at 'BB+/RR1';
--Senior Secured term loans at 'BB+/RR1';
--$250 million 4.875% senior notes due 2014 at 'B+/RR4';
--$900 million 7.375% senior unsecured notes due 2018 at 'B/RR5';
--$700 million 7.625% senior unsecured notes due 2020 to 'B/RR5' from 'B-/RR5';
--$1 billion 10.25% senior subordinated notes due 2015 at 'B-/RR6'.
Fitch has withdrawn the aforementioned ratings for business reasons. The ratings are no longer relevant to the agency's coverage.
Additional information is available at 'www.fitchratings.com'. The ratings above were unsolicited and have been provided by Fitch as a service to investors.
Applicable Criteria and Related Research:
--'Corporate Rating Methodology', Aug. 8, 2012;
--'Evaluating Corporate Governance', Dec. 13, 2011; and
--'Rating Global Technology Companies Sector Credit Factors', Sept. 20, 2010.
Applicable Criteria and Related Research:
Corporate Rating Methodology
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=684460
Evaluating Corporate Governance
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=657143
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Contacts:
Fitch Ratings
Michael Mancini, +1 212-908-0784
Senior Director
Fitch,
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New York, NY 10004
or
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Relations
Brian Bertsch, +1 212-908-0549 (New York)
brian.bertsch@fitchratings.com