RMIC Parent Has Ratings Cut

A.M Best Co., Oldwick, N.J., has cut its financial strength ratings to “A” from “A+” and issuer credit ratings to “a-” from “aa+” of the property/casualty units of Old Republic International Corp., Chicago, in large part because of the problems the parent company is having with Republic Mortgage Insurance Co.

Article source: http://www.nationalmortgagenews.com/dailybriefing/2010_412/rmic-parent-ratings-cut-1026167-1.html?CMP=OTC-RSS

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