SAN FRANCISCO (Standard&Poor's) April 23, 2015--Standard&Poor's Ratings Services said today that its ratings on Fidelity National Financial Inc. and its operating title insurance subsidiaries (collectively, Fidelity) are not affected by the announced new term-loan financing and initial public offering (IPO) of Black Knight Financial Services Inc. We believe Fidelity's competitive position is strong given its title operations' leading market position and strong operating performance, and that Black Knight provides additional diversification to the company. Although the proposed IPO of Black Knight would reduce Fidelity's ownership stake, we believe Black Knight will continue to have a positive impact on overall earnings. The proposed financing at Black Knight and use of those proceeds to repay the intercompany loans
