Debt uncertainty leads to Old Republic downgrade; Watch Negative remains

Fitch Ratings officially downgraded Old Republic International Corp.’s ratings and is keeping the company at Watch Negative. As reported late last week, Fitch Ratings placed Old Republic on Rating Watch Negative after the company had to place its mortgage insurance subsidiary into supervision. Read on for the impact this move has on the company’s title insurance segment and what Fitch’s outlook is for the company going forward.