First National Financial Corporation: Rating Report

On March 11, 2021, DBRS Morningstar confirmed the Long-Term Issuer Rating of FNF LP at BBB and the ratings on the Senior Unsecured Debt and Class A Preference Shares of FNC at BBB (low) and Pfd-3, respectively. The trend on all ratings is Stable. The Intrinsic Assessment (IA) for FNF LP is BBB. FNFC’s Support Assessment is SA3, which reflects no expectation of timely external support. This results in FNFC’s Senior Unsecured Debt rating being positioned one notch below FNF LP’s IA at BBB (low).