On Aug. 6, 2008, Standard&Poor's Ratings Services revised its outlook on Fidelity National Financial Inc. (FNF) to negative from stable and at the same time affirmed its 'BBB' counterparty credit rating on FNF and its 'A' counterparty credit and financial strength ratings on FNF's title insurance subsidiaries (FNF Title). At the same time, Standard&Poor's affirmed its 'A-' counterparty credit and financial strength ratings on First American Title Insurance Co. (FATICO) and removed FATICO from CreditWatch. The outlook is negative. The counterparty credit rating on First American Corp. (FAF) remains on CreditWatch negative, where it was placed on Jan. 16, 2008. The CreditWatch placement followed FAF's announcement that it planned to spin-off its title insurance and specialty
