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Published on 9/14/2010 in the Prospect News Convertibles Daily.

Fitch affirms Stewart Info

Fitch Ratings said it affirmed the BBB- issuer default rating and BB+ senior unsecured debt rating of Stewart Information Services Corp.

Fitch said it has also affirmed the BBB+ insurer financial strength ratings of Stewart Title Guaranty Co. and its wholly owned subsidiary Stewart Title Insurance Co.

The outlook remains negative.

Fitch said that its rating action is predicated on the lack of profitable operations, which has led to reductions in capital.


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