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Old Republic receives stable rating from Moody's
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Industry News, Market Data
Tuesday, April 1, 2014
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Moody’s Investors Service has affirmed the Baa3 senior debt rating of Old Republic International Corp. Moody’s has also changed the rating outlook to stable from positive following the company’s announcement that it has cancelled its earlier recapitalization plan for its mortgage insurance business. This rating action did not affect the A2 insurance financial strength (IFS) ratings and stable outlook of the lead operating subsidiaries of Old Republic General and Old Republic Title nor the A3 IFS ratings and stable outlook of the group’s OMA subsidiaries.
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