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Fitch Rates First Data's Sr Secured First Lien Notes 'BB/RR1'; Outlook Stable

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CHICAGO--(BUSINESS WIRE)--Fitch Ratings has assigned a 'BB/RR1' rating to First Data Corp.'s (FDC) senior secured first lien notes due 2023. FDC's Issuer Default Rating is 'B' with a Stable Outlook. At June 30, 2015, the company had $21 billion in total debt outstanding. Proceeds are expected to be used to pay down the remaining 7.375% first lien secured notes due 2019, as well as related fees and expenses. Pro forma for the repayment of $955 million of these notes in July 2015 using proceeds f

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