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Article: Fitch Downgrades First American Corp. IDR to 'BBB'; Rating Watch Negative.
- Article from:
- Business Wire
- Article date:
- April 10, 2008
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CHICAGO -- Fitch Ratings has downgraded and placed on Rating Watch Negative the following ratings of First American Corporation (FAF):
First American Corporation
--Issuer Default Rating (IDR) to 'BBB' from 'BBB+';
--Senior unsecured debt to 'BBB-' from 'BBB'.
First American Capital Trust
--Trust preferred securities to 'BB+' from 'BBB-'.
First American Insurance Companies (First American Group or First American). See below for a complete list of members.