Although Fitch Ratings affirmed its negative ratings outlook for Stewart Information Services Corp., the ratings agency declined to downgrade the company.
In its latest report, Fitch said it does not believe a ratings downgrade is warranted at this time as capital metrics are still within Fitch’s rating sensitivities.
Still, Fitch said it has seen signs of financial leverage deterioration. Read on for more details of what the ratings agency sees for Stewart’s performance going forward.