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Prospect News home > News index > List of issuers L > Headlines for LandAmerica Financial Group Inc. > News item |
Fitch downgrades LandAmerica
Fitch Ratings said it downgraded LandAmerica Financial Group's issuer default rating to BBB- from BBB and revised the outlook to negative from stable.
The agency said it believes LandAmerica's consolidated balance sheet fundamentals lag national peers at a time in the market cycle where risk-adjusted surplus, financial leverage and reserve redundancy are critical to financial strength ratings.
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