S&P Downgrades Fidelity National Financial

NEW YORK (AP) — Standard & Poor's Ratings Services on Tuesday lowered its counterparty credit rating on title insurer Fidelity National Financial Inc. to BBB- from BBB.

S&P also lowered Fidelity National's counterparty credit and financial strength ratings on its core title insurance operations to A- from A. The ratings agency said the outlook is negative.

S&P also lowered counterparty credit and financial strength ratings on FNF subsidiaries Lawyers Title Insurance Corp. and Commonwealth Land Title Insurance Co. to BBB+ from A-. Those two ratings remain on S&P's "CreditWatch" with developing implications. ...