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S&P assigns BBB+ to Old Republic notes
S&P said it assigned a BBB+ debt rating to Old Republic International Corp.'s $400 million of senior notes due 2034.
Old Republic is expected to use the proceeds to repay at, or before, maturity $400 million of its 4.875% senior notes due Oct. 1, also rated BBB+, and for general corporate purposes.
The outlook is stable.
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