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Fitch raises Old Republic International rating
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Industry News, Market Data
Thursday, April 24, 2014
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Fitch Ratings has upgraded the Insurer Financial Strength (IFS) ratings of Old Republic International Corp.'s (ORI) insurance subsidiaries to 'A' from 'A-'. Fitch has also affirmed ORI's holding company ratings, including the senior debt rating at 'BBB-'. The Rating Outlook is stable.
Fitch's rationale for the upgrade of ORI's P/C and title insurance company ratings reflects continued earnings strength and solid capitalization in these segments, along with improved consolidated results.
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