NEW YORK (Standard&Poor's CreditWire) Feb. 21, 2001--Standard&Poor's today commented on Fidelity National Financial Inc (FNF) following FNF's release of its fourth-quarter earnings results on Feb. 14, 2001. Standard&Poor's outlook on FNF and its related entities remains stable, as it has been since Dec. 21, 2000. Subsequent to the year-end close for 2000, FNF issued 8,050,000 shares of common stock in January 2001 that resulted in proceeds received--after expenses--of $256 million. As expected, the net proceeds were used to repay a portion of indebtedness under FNF's $800 million syndicated credit agreement that was incurred when the company acquired Chicago Title Corp. in March 2000. The net proceeds were used to fully repay both FNF's $100
