NU Online News Service, Aug. 25, 2:11 p.m. EDT
Fitch Ratings affirmed the 'A' insurer financial strength ratings of Old Republic International Corp.'s (ORI) insurance subsidiaries and removed the company from Rating Watch Negative, as the rating agency says it does not anticipate that the runoff of ORI's mortgage insurance subsidiary will have a significant adverse impact on capital and liquidity.
"Fitch views the potential capital impact of a runoff of Republic Mortgage Insurance Company (RMIC) as limited to RMIC's $445.1 million capital base, given management's assertion that it would be managed within those constraints," the rating agency says.
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