We have revised our assessments of FNFI's financial risk profile due to a weakening of its capital adequacy. We are affirming our ratings on FNFI and its subsidiaries. The stable outlook reflects our expectation that FNFI will maintain its strong competitive position and very strong capital adequacy. On Jan. 16, 2018, S&P Global Ratings affirmed its 'BBB' long-term issuer credit rating and senior unsecured debt ratings on Fidelity National Financial Inc. (FNFI), and its 'A' financial strength rating on FNFI's operating title insurance subsidiaries (Fidelity National). The outlook is stable. Our ratings on Fidelity National reflect the company's strong business risk profile and strong financial risk profile, resulting in a split anchor of 'a/a-'. We assigned the 'A' rating based