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S&P: CoreLogic view stable
Standard & Poor's said it revised the outlook on CoreLogic Inc. to stable from positive and affirmed the BB corporate credit rating.
"The rating on CoreLogic incorporates our expectation that CoreLogic's leadership position in mortgage processing markets and focus on reducing costs will support consistent profitability, partly offset by the company's financial institution client concentration and our expectation for a moderation of U.S. mortgage originations on a year-over-year basis over the coming 12 months," said S&P credit analyst John Moore in a news release.
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