TSYS (TSS) Misses Q4 EPS by 3c
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First Analysis Downgrades Total System Services (TSS) to Equal Weight
January 27, 2016 7:39 AM ESTFirst Analysis downgraded Total System Services (NYSE: TSS) from Overweight to Equal Weight.
For an analyst ratings summary and ratings history on Total System Services click here. For more ratings news on Total System Services click here.
Shares of Total System Services closed at $46.00 yesterday.
... MoreS&P Downgrades TSYS (TSS) to 'BBB-' Amid TransFirst Deal
January 26, 2016 4:49 PM ESTStandard & Poor's Ratings Services said that it lowered its corporate credit and debt ratings on Total System Services Inc. to 'BBB-' from 'BBB+'. The rating outlook remains stable.
We base our downgrade primarily on the material increase in adjusted leverage to the high-3x area, pro forma for the debt-financed acquisition of TransFirst, from about 1.5x as of Dec. 31, 2015. Over the next two years, we expect the company to adhere to its stated goal of... More
