Fitch affirms RLI

Fitch Ratings said it affirmed the following issuer default rating and senior debt ratings for RLI Corp.: long-term issuer default rating at BBB+, senior debt at BBB and $100 million 5.95% senior unsecured notes due 2014 BBB.

Fitch said it has also revised the outlook on RLI to positive from stable.

In addition, Fitch noted it has affirmed the A insurer financial strength ratings on RLI's subsidiaries and revised the outlook to positive from stable.

Fitch added that its positive outlook reflects RLI's consistently strong underwriting profitability, moderate financial leverage, strong capitalization and solid interest coverage.

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