Moody’s rates Old Republic International’s senior unsecured notes Baa2
New York , March 25, 2024 – Moody's Ratings (Moody's) has assigned a Baa2 rating to $400 million of 10-year senior unsecured notes being issued by Old Republic International Corporation (Old Republic, NYSE: ORI). Old Republic intends to use the net proceeds from the offering to repay its 4.875% seni...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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