NEW YORK (Standard&Poor's) May 31, 2007--Standard&Poor's Ratings Services said today that its ratings on Fidelity National Financial Inc. (NYSE:FNF; BBB/Positive/--) and related entities will not be affected by Ceridian Corp.'s (Ceridian; BBB-/Negative/--) announcement yesterday that it has agreed to be acquired by Thomas H. Lee Partners L.P. (THL Partners) and FNF. Ceridian is a human resources outsourcing firm with total revenue and net earnings, respectively, of $1.6 billion and $176 million, in 2006. Standard&Poor's considers the acquisition to be consistent with FNF's goal of making modest-sized acquisitions that improve diversification and enhance profitability. The acquisition is similar to the group's minority investment in Sedgwick CMS Holdings Inc. (B+/Positive/--) in 2005. FNF has the resources
