Earlier today, S&P issued a press release titled "S&P Downgrades Broadridge Financial Solutions (Corrected)."
S&P corrected its April 8, 2008, press release to reflect actual total debt of $949 million as reported in Broadridge's Form 10-Q filing for the period ended December 31, 2007, as opposed to the $990 million total debt figure S&P stated in its original April 8th press release. S&P's correction has no effect on the company's credit rating as announced in the April 8th press release.
About Broadridge
Broadridge Financial Solutions, Inc. (NYSE: BR), with over $2.0 billion in revenues and more than 40 years of experience, is a leading global provider of technology-based outsourcing solutions to the financial services industry. Our systems and services include investor communication, securities processing, and clearing and outsourcing solutions. We offer advanced, integrated systems and services that are dependable, scalable and cost-efficient. Our systems help reduce the need for clients to make significant capital investments in operations infrastructure, thereby allowing them to increase their focus on core business activities. For more information about Broadridge, please visit www.broadridge.com.
