03.01.2014 00:29:00
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Alamo Title Insurance Company -- Moody's affirms Fidelity National's ratings, upgrades LPS senior unsecured notes
New York, January 02, 2014 -- Moody's Investors Service has affirmed the debt ratings of Fidelity National Financial, Inc. (NYSE: FNF; senior debt rated Baa3), and the A3 insurance financial strength (IFS) ratings of its primary title insurance subsidiaries, following the company's announcement that it has closed its acquisition of Lender Processing Services Inc. (LPS). The rating agency also upgraded LPS's 5.75% senior unsecured notes due 2023 to Baa3 from Ba2, concluding the review for upgrade initiated on May 28, 2013, and withdrew all remaining ratings of LPS. The LPS notes are guaranteed by FNF. The outlook for FNF's ratings is stable.