On April 27, 2006, Standard&Poor's Ratings Services affirmed its 'BBB' counterparty credit and senior debt ratings on Fidelity National Financial Inc. (NYSE:FNF) and Fidelity National Title Group Inc. (FNT). At the same time, Standard&Poor's Ratings Services affirmed its 'A' counterparty credit and financial strength ratings on the six title underwriters that constitute the Fidelity National Title Insurance Cos. Group (Fidelity Title; see ratings list). The outlook on all these ratings has been revised to positive from stable. The outlook revision reflects FNF's intention to transfer its Specialty Insurance businesses, Sedgwick CMS Holdings Inc. (Sedgwick; B+/Stable/--), and other assets to FNT in exchange for FNT stock. FNF will then spin its ownership in FNT to its shareholders.
