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Published on 8/9/2011 in the Prospect News Convertibles Daily.

Fitch may cut Old Republic

Fitch Ratings said it placed Old Republic International Corp.'s BBB issuer default rating and BBB- convertible notes on Rating Watch negative.

The Rating Watch negative is based on the potential capital and liquidity impact of Republic Mortgage Insurance Corp. on the holding company and its other insurance subsidiaries, the agency said. Fitch plans to resolve the Rating Watch shortly following the completion of additional analysis.


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