Forbes (08/28/08)
Fitch Ratings has pinned a negative watch designation on Fidelity National Financial Inc.'s BBB+ issuer default rating and the A rating of the financial strength of Fidelity's nine title insurance underwriting arms. The move was made in response to Fidelity using $180 million in subsidiary dividends to cover its shareholder dividend, generating concerns that statutory capital could be lowered by additional dividend requirements down the road.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment