Fidelity National Financial Inc. Ratings Remain On Watch Neg - S&P Global Ratings’ Credit Research

Fidelity National Financial Inc. Ratings Remain On Watch Neg

Fidelity National Financial Inc. Ratings Remain On Watch Neg - S&P Global Ratings’ Credit Research
Fidelity National Financial Inc. Ratings Remain On Watch Neg
Published Feb 10, 2009
497 words — Published Feb 10, 2009
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Abstract:

NEW YORK (Standard&Poor's) Feb. 10, 2009--Standard&Poor's Ratings Services said today that its ratings on Fidelity National Financial Inc. (FNF; BBB/Watch Neg/--) and its rated title insurance subsidiaries (collectively, FNF Title) will remain on CreditWatch with negative implications. Standard&Poor's placed the ratings on CreditWatch negative after FNF's title operations reported a $146 million net operating loss for the third quarter of 2008. FNF Title's pretax profits of $7 million for the fourth quarter of 2008 compared favorably with our expectations, which we lowered after the third quarter of 2008. "Despite the recent increase in title orders, we still have concerns regarding the impact on mortgage originations of falling home prices and constrained credit," said Standard

  
Brief Excerpt:

RESEARCH Fidelity National Financial Inc. Ratings Remain On Watch Neg Publication date: 10-Feb-2009 Primary Credit Analyst: James Brender, New York (1) 212-438-3128; james_brender@standardandpoors.com Secondary Credit Analyst: Mark...

  
Report Type:

Ratings Action

Ticker
Issuer
GICS
Property & Casualty Insurance (40301040)
Sector
Global Issuers
Country
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MLA:
S&P Global Ratings’ Credit Research. "Fidelity National Financial Inc. Ratings Remain On Watch Neg" Feb 10, 2009. Alacra Store. May 21, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Fidelity-National-Financial-Inc-Ratings-Remain-On-Watch-Neg-701787>
  
APA:
S&P Global Ratings’ Credit Research. (). Fidelity National Financial Inc. Ratings Remain On Watch Neg Feb 10, 2009. New York, NY: Alacra Store. Retrieved May 21, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Fidelity-National-Financial-Inc-Ratings-Remain-On-Watch-Neg-701787>
  
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