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AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of bbb+ of Title Resources Guaranty Company (TRG) (Dallas, TX). The outlook of these Credit Ratings (ratings) is stable. TRG is ultimately owned by Realogy Holdings Corp. (Realogy) (NYSE:RLGY), a publicly traded company and a leading and integrated provider of U.S. residential real estate services encompassing franchise, brokerage, relocation, and title and settlement businesses, as well as a mortgage joint venture.
The ratings reflect TRG s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management (ERM). AM Best also considered the parent company s credit profile in the TRG s rating analysis, and viewed it as a limiting factor to the ratings.