NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) has assigned an insurance financial strength rating (IFSR) of BBB+ with a stable outlook to Connecticut Attorneys Title Insurance Company (CATIC), based in Rocky Hill, CT. Additionally, KBRA has assigned an issuer rating of BB+ with a stable outlook to CATIC Financial, Inc. (CATIC Financial). Further, KBRA has assigned an IFSR of BB+ with a stable outlook to CATIC Title Insurance Company (CATICO) based in Parsippany, NJ.
CATIC Financial and its subsidiaries provide title insurance and related services on residential and commercial properties in New England, and operate exclusively through a network of independent title agents. CATICO will offer title insurance and related services on residential and commercial properties in New Jersey, New York, and Pennsylvania.
The ratings are based on KBRA’s Global Insurer & Insurance Holding Company Rating Methodology published on April 21, 2016.
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About Kroll Bond Rating Agency
KBRA is registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization (NRSRO). In addition, KBRA is recognized by the National Association of Insurance Commissioners (NAIC) as a Credit Rating Provider (CRP).