CHICAGO--(BUSINESS WIRE)--Fitch Ratings believes First Data Corporation's (FDC) execution of a successful initial public offering (IPO) would be a positive development for FDC's credit profile. FDC recently filed a preliminary prospectus regarding an IPO of its common stock, and indicated that the proceeds from the IPO will be used to pay down debt. At March 31, 2015, the company had $21 billion in total debt outstanding. Fitch's Issuer Default Rating (IDR) for FDC is 'B' with a Stable Outlook.