NEW YORK (Standard&Poor's) May 26, 2004--Standard&Poor's Ratings Services said today that its ratings on Fidelity National Financial Inc. (NYSE:FNF) (BBB/Positive/--) and the seven title underwriters that constitute the Fidelity National Title Insurance Cos. Group will not be affected by the company's announcement today that it intends to separate its non-insurance operations into a separately traded public company to be known as Fidelity National Information Services, Inc. (FIS). As of March 31, 2004, the title, title-related, and specialty insurance segments constituted about 75% of FNF's top line. FIS intends to issue common stock in an IPO and spin-off its remaining ownership interest by mid 2005. FNF intends to use about $250 million of anticipated net IPO proceeds
