NEW YORK (Standard&Poor's CreditWire) Aug. 9, 1999--Standard&Poor's today placed its single-'A'-minus financial strength and counterparty credit ratings on Fidelity National Financial's Inc. three title insurance underwriters (see list) on CreditWatch with developing implications. Standard&Poor's also placed its single-'A' financial strength and counterparty credit ratings on the Chicago Title&Trust Insurance Co. Group (CT&T) (see list) on CreditWatch with negative implications. At the same time, Standard&Poor's placed its triple-'B' senior debt rating on Chicago Title Corp. on CreditWatch with negative implications. The CreditWatch assignments are the result of Fidelity National's Aug. 1, 1999, announcement that it has entered into a definitive agreement to acquire Chicago Title Corp. and its title insurance subsidiaries
