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Article: Fitch: Fidelity National's Common Stock Issue Favorable but Neutral to Ratings.
- Article from:
- Business Wire
- Article date:
- April 14, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CHICAGO -- Fidelity National Financial, Inc.'s (NYSE: FNF) ratings (and those of its subsidiaries) remain unchanged following today's announcement that it will issue $300 million of common equity. Proceeds from the issuance will go toward paying down bank debt, reducing holding company debt-to-total capital to approximately 24% from 32% at Dec. 31, 2008. This level of financial leverage is within management's long-range target of 20%-25% of total capital. See a full list of ratings below.
While the reduction in leverage is a positive development, Fitch did not take a rating action at this time as the stock issuance does not affect the capitalization at the title ...
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Article: FIDELITY NATIONAL FINANCIAL REPORTS RECORD SECOND ...
PR Newswire;
August 4, 1992 ;
700+ words
... ... Title Insurance Co. FIDELITY NATIONAL FINANCIAL INC. AND ... relations, all of Fidelity National Financial, 714-852-9770/ (FNF) CO: Fidelity National Financial Inc. ST: California IN: FIN INS SU: ERN LS-AL ...
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