Commonwlth Land & Transnatn Title Ins Rtgs S&PWatch,Dev.NEW YORK--(BUSINESS WIRE)--Standard & Poor's CreditWire 8/21/97 --Standard & Poor's today placed the claims-paying ability ratings of Commonwealth Land Title and Transnation Title Insurance Companies Group members on CreditWatch with developing implications (see list below), following the announcement that the group would be acquired by Lawyers Title Corp., the holding company for Lawyers Title Insurance Corp. of Richmond, Va. The proposed merger will match the size and scope of the industry's largest title insurance groups, Chicago Title and Trust Company and First American First American may refer to:
A firms' total assets minus its total liabilities. Equivalently, it is share capital plus retained earnings minus treasury shares. Shareholders' equity is the amount by which a company is financed through common and preferred shares. . Commonwealth Land Title Group is presently owned by Reliance Group Holdings, an insurance holding company, and is the third-largest title insurer in the U.S. based on 1996 revenues of $811 million and pretax pre·tax adj. Existing before tax deductions: pretax income. pretax adj [profit] → vor (Abzug der) Steuern earnings of $38.6 million. The insurance operations include the title operations of Commonwealth Land Title Insurance Co. and Transnation Title Insurance. The company is the country's oldest registered title insurer, writing title insurance for residential and commercial real estate transactions. Lawyers Title Insurance Corp. is the sixth-largest title insurer based on 1996 revenues of $594 million. Real estate related activity has been strong year to date, with Commonwealth Land Title Group reporting revenues for the six months ending June 30, 1997 of $404 million, which generated excellent pretax earnings of $24 million. The ratings have been placed on CreditWatch with developing implications, pending regulatory approval of the merger and Standard & Poor's review of the strategic direction and financing plans of the combined operations For the department of the British War Office during World War II, see . In the military, combined operations are operations conducted by forces of two or more allied nations acting together for the accomplishment of a single mission. See also
RATINGS PLACED ON CREDITWATCH WITH DEVELOPING IMPLICATIONS Commonwealth Land Title Insurance Co. Claims-paying ability A- Counterparty credit rtg A- Transnation Title Insurance Co. Claims-paying ability A- Counterparty credit rtg A- Transnation Title Insurance Co. of NY Claims-paying ability A- Counterparty credit rtg A- Industrial Valley Title Insurance Co. Claims-paying ability A- Counterparty credit rtg A- Continental Title Insurance Co. Claims-paying ability A- Counterparty credit rtg A- District Realty realty n. a short form of "real estate." (See: real estate) REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property. Title Insurance Co. Claims-paying ability A- Counterparty credit rtg A- Title & Trust Co. of FL Claims-paying ability A- Counterparty credit rtg A- Title Insurance Co. (AL) Claims-paying ability A- Counterparty credit rtg A- CONTACT: Donald S Donald (Domnall, Domhnall, Dumhnuil, Dónall) is an anglicized version of a Scottish or Irish Gaelic personal name, containing the elements dumno "world" and val "rule", viz. "ruler of the world". Compare Dumnorix. Watson, New York Watson is a town in Lewis County, New York, United States. The population was 1,987 at the 2000 census. The town is named after early landowner James Watson. The Town of Watson is at the east border of the county and is east of Lowville, the county seat. (1) 212-208-8446 Frederick Loeloff, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of (1) 212-208-8904 Copyright 1997, Standard & Poor's Rating Services |
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