Moody’s rates Old Republic International’s senior notes Baa2
New York , June 9, 2021 – Moody's Investors Service has assigned a Baa2 rating to $650 million of 30-year senior unsecured notes to be issued by Old Republic International Corporation (NYSE: ORI; Old Republic) off its shelf registration. Old Republic expects to use net proceeds from the offering...Old Republic International is a holding company engaged in the business of insurance underwriting and related services. Through its regulated insurance company subsidiaries, the company conducts its operations in three main segments: General Insurance Group, which is a commercial lines insurance business focused on liability insurance coverages; Title Insurance Group, which consists mainly of the issuance of policies to real estate purchasers and investors based upon searches of the public records, which contain information concerning interests in real property; and the Republic Financial Indemnity Group Run-off Business, which consists of mortgage guaranty and consumer credit indemnity operations.
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