* Newstin.com is for sale! * After achieving our strategic milestone, we are offering for sale: Newstin.com and all 14 related domains featuring 1 million unique visitors per month + continuously updated news database of 37 million articles in 12 world languages from 166,000 global and weighted sources + 2.1 billion metadata * To seize this unique chance, contact invest@newstin.com. * Newstin.com is for sale! *
Full Coverage

S&P places LandAmerica ratings on negative watch

                   
ibtimes.com
Jul 25, 2008
        
Story Timeline:  80 days

NEW YORK - Credit ratings agency Standard & Poor's on Friday placed the counterparty credit of LandAmerica Financial group Inc. and its title insurance's counterparty credit and financial strength ratings on a negative watch. LandAmerica's title insurance unit is currently rated "A-" for both counterparty credit and financial strength by S&P. The ratings are considered investment-grade. LandAmerica's counterparty credit rating is currently "BBB-." That rating is the considered the lowest investment-grade rating. A negative watch means there is a 50 percent chance the ratings could be cut in the next three months. The review is based on deterioration in profitability in the greater title insurance sector and macroeconomic factors weighing on the industry right now, such as declining mortgage originations, S&P said in a... [read full story]                    

Add Comment
Latest article on this story:

S&P places LandAmerica ratings on negative watch (AP)

 yahoo.com Jul 25, 2008
First article on this story:

S&P places LandAmerica ratings on negative watch (AP)

 yahoo.com Jul 25, 2008
Selected publications with coverage of this story:
ibtimes.com yahoo.com
RELATED
Found 1 documents:
                   

S&P places LandAmerica ratings on negative watch (AP)

yahoo.com
Jul 25, 2008
        

Friday July 25, 6:22 pm ET S&P to review LandAmerica's counterparty rating, its title insurance unit's ratings NEW YORK (AP) -- Credit ratings agency Standard & Poor's on Friday placed the counterparty credit of LandAmerica...