On Feb. 18, 2004, Standard&Poor's Ratings Services assigned its preliminary 'BBB' senior unsecured debt, 'BBB-' senior subordinated debt, and 'BB+' preferred stock ratings to Fidelity National Financial Inc.'s (NYSE:FNF) $500 million universal shelf registration. Standard&Poor's anticipates that the majority of the proceeds of the shelf will be used to finance FNF's aggressive growth plans for its non-title-insurance segments. At the same time, Standard&Poor's revised its outlook on FNF to positive from stable. In addition, Standard&Poor's affirmed its 'BBB' counterparty credit rating on FNF and its 'A' counterparty credit and financial strength ratings on the seven title underwriting entities that--on a consolidated basis--constitute Fidelity National Title Insurance Cos. Group (Fidelity National). Interest rates
