The deterioration in Old Republic's financial position resulted in an elimination of lift to ORTIG
and a reduction of lift to ORGENCO.
ORTIG should have good earnings--albeit lower than the record results of 2003--as the volume of refinance title premiums declines.
for this reason, the ratings on ORTIG are only one notch below
The ratings reflect the implicit support extended to ORTIG from its parent, Old Republic International Corp.
However, from a marketing standpoint, ORTIG must continue to strengthen its technological resources and brand equity through improved proficiency and low-cost real-estate-related services to remain a viable competitor.
The revised ratings reflect the implicit support extended to ORTIG
from its parent, Old Republic International Corp.