NEW YORK (Standard&Poor's) May 20, 2005--Standard&Poor's Ratings Services said today that it placed its 'BBB-' counterparty credit rating on Fidelity National Financial Inc. (NYSE:FNF) on CreditWatch with negative implications. Standard&Poor's also said that it placed its 'A-' counterparty credit and financial strength ratings on the seven title underwriters that constitute the Fidelity National Title Insurance Cos. Group (Fidelity National) on CreditWatch negative. "We put these ratings on CreditWatch following FNF's announcement of its decision to form a separate title insurance holding company," explained Standard&Poor's credit analyst Donovan Fraser. The formation of this company is expected to close in the third quarter of 2005. The revised capital and organizational structure of FNF will
