FNF's Title Ratings Off Fitch's Watchlist

Fitch Ratings has affirmed and removed from Rating Watch Negative its A-minus financial strength ratings for the title insurance underwriting subsidiaries of Fidelity National Financial Inc. and its BBB-minus long-term issuer rating of FNF.In addition, Fitch assigned a BB-minus rating to the senior secured credit facility entered into by FNF's subsidiary Fidelity National Information Services. Fitch had downgraded FNF and placed its ratings on Rating Watch Negative after the announcement of a recapitalization plan for the subsidiary that would leverage the parent company's consolidated balance sheet to a debt-to-capital ratio of approximately 50%, Fitch said. The rating agency said it removed those ratings from the watchlist after analyzing the title operations separately from information services and determining that FNF-only leverage and coverage would be "supportive of the current ratings."