On March 5, 2003, Standard&Poor's Ratings Services affirmed its 'A' counterparty credit rating on the seven title underwriting entities that form Fidelity National Title Insurance Cos. Group (Fidelity National; see ratings list) and removed the group's ratings from CreditWatch where they had been placed on Jan. 31, 2003. At the same time, Standard&Poor's affirmed its 'BBB' counterparty credit and senior debt ratings on Fidelity National's parent, Fidelity National Financial Inc. (FNF) and took the ratings off CreditWatch. The outlook is stable. The ratings action is the result of a meeting with senior management to determine the strategic fit of the proposed acquisition of the financial services division of ALLTEL Information Services (AIS) in a stock and
