The Issuer Default Rating of Fidelity National Financial Inc. and the insurer financial strength ratings of its nine title insurance subsidiaries have been placed on Rating Watch Negative by Fitch Ratings. The actions reflect the "unsustainability" of Fidelity's current shareholders' dividend, Fitch said, citing the current levels of profitability at the title insurance subsidiaries. The rating agency said the operating performance of the subsidiaries is better than that of their peers, although "down significantly given the pressures on an industrywide down cycle." The companies can be found on the Web at http://www.fnf.com.
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