The First American Corp. is spinning off its financial services businesses. The surviving company will be Information Solutions Co., which is the former data & analytic, information & outsourcing, and risk mitigation & business solutions of The First American Corp. We are assigning a 'BB' corporate rating with a positive outlook to Information Solutions Co., the new entity. We are also assigning a 'BB+' rating to the new company's proposed $850 million senior secured credit facility. The positive outlook reflects the company's cash-generating ability, a moderate financial policy, and an expectation that it will maintain its leadership position in key markets. NEW YORK (Standard & Poor's) March 4, 2010--Standard & Poor's Ratings Services said today it assigned its 'BB' corporate...
Companies mentioned in this report are:
- CoreLogic Inc.
Action: New Rating
Action: Outlook: Positive
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.