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| A.M. Best: Fidelity ratings looking up The outlook for all FNF ratings has been revised from stable to positive and reflects the group’s capitalization, operating results and market profile as the largest title insurance group in the United States. A.M. Best Co., an insurance rating company founded in 1899, has affirmed that Fidelity National Financial Group’s eight title insurance subsidiaries have a financial strength rating as A- (excellent) and the issuer credit rating (ICR) of a-. In addition, A.M. Best has affirmed that Fidelity National Financial Inc, the parent holding company, has an ICR of bbb-. The outlook for all ratings has been revised to positive from stable. The ratings reflect the group’s capitalization, operating results and market profile as the largest title insurance group in the United States. The revision in the group’s rating outlook is based on its recently announced reorganization plan, which would eliminate the current holding company structure (which includes both insurance and non-insurance operations), and create separate holding companies for the insurance and non-insurance operating entities. The proposed new holding company for the insurance operating entities would be publicly traded and will retain the FNF ticker symbol. It would include Fidelity’s title insurance companies, specialty lines including property and casualty insurance and home warranty, ownership in Sedgwick CMS, a claim processing company and other assets. The new structure would result in de-leveraging, as the elevated financial leverage of the non-insurance operating entities known as Fidelity National Information Services (FIS) is not included. The FSR of A- (excellent) and the ICR of a- have been affirmed for the following members of Fidelity National Financial Group: Alamo Title Insurance, Chicago Title Insurance Company of Oregon, Chicago Title Insurance Company, Fidelity National Title Insurance Company, National Title Insurance of New York, Inc., Security Union Title Insurance Company, Ticor Title Insurance Company of Florida, and Ticor Title Insurance Company. The ICR of bbb- has been affirmed for Fidelity National Financial, Inc. ------------------------------------------------------------------------ The Dallas NTS office is part of the Fidelity National Title Services Division, a select group of offices specifically designed to facilitate complex commercial real estate transactions nationwide. The NTS mission is to provide our clients with superior service and security through a single point of contact, regardless of the property location. Our clients include a wide variety of commercial developers, investors, REITs, attorneys, lenders and corporate real estate users. Combining over 250 years of title experience, our escrow, underwriting and sales professionals are dedicated to providing the industry's most comprehensive range of services... including the smile. Fidelity National Title Insurance Company | ||||
| Copyright 2006 Fidelity National Title Insurance Company. All rights reserved. | ||||
