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BULLETIN: Fidelity National Financial Inc. And Related Ratings Unaffected By Sedgwick Purchase Dec 05
Standard & Poors, Dec 2005
Abstract
NEW YORK (Standard & Poor's) Dec. 27, 2005--Standard & Poor's Ratings Services said today that its ratings on Fidelity National Financial Inc. (NYSE:FNF; BBB-/Watch Pos/--) and related entities will not be affected by FNF's announcement earlier today that it has signed a definitive agreement to acquire Sedgwick CMS Holdings Inc. (Sedgwick), a provider of insurance claims-management services with expected 2005 revenue of nearly $400 million. Standard & Poor's considers the acquisition to be consistent with FNF's stated intent to explore modest-sized acquisitions and continue the parent company's diversification plans. As of Sept. 30, 2005, FNF's consolidated revenues of $7.2 billion consisted primarily of title insurance (65%) and the company's information-based subsidiary, Fidelity National Information Services Inc. (27%), with the remainder...
Companies mentioned in this report are: Fidelity National Financial Inc.,Fidelity National Information Services Inc.
Action: Bulletin
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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