Fitch affirms Stewart

Fitch Ratings said it affirmed Stewart Information Services Corp.'s BBB- issuer default rating and the BB+ rating on its $65 million 6% senior convertible notes due 2014.

The outlook is stable.

The agency also said it affirmed the BBB+ insurer financial strength ratings of Stewart's insurance subsidiaries and the BBB insurer financial strength rating of Stewart Title Ltd.

The ratings reflect improved operating results, solid capitalization, a conservative investment portfolio and modest financial leverage, Fitch said.

However, its performance continues to trail its rated peer group, the agency said.

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