Moody's establishes 'A3' rating for First American Title Insurance Company


October 28, 1996, SANTA ANA, CALIFORNIA

The First American Financial Corporation (NYSE: FAF) announced today that Moody's Investors Service, Inc., has established an initial rating of ‘A3' for several of the corporation's principal title insurance subsidiaries, including First American Title Insurance Company. This rating was also given to First American Title Insurance Company of New York, First American Title Insurance Company of Oregon, and First American Title Insurance Company of Texas.

"This independent rating from Moody's is further evidence of our company's strength and stability," said President Parker S. Kennedy. "We are pleased with the beneficial effect this rating will have on our business and banking relationships."

The First American Financial Corporation, based in Santa Ana, California, is the nation's leading provider of real estate-related financial and informational services. The corporation's subsidiaries include First American Title Insurance Company, a national and international title insurer, First American Real Estate Information Services, Inc., which offers tax monitoring, credit reporting, flood certification, mortgage loan servicing systems and property information services nationally, and First American Home Buyers Protection Corporation, a home warranty company. The corporation also operates First American Trust Company and First Security Thrift Company in Southern California. First American Financial has more than 10,000 employees in over 400 branch offices in the United States and abroad. Information about the company's subsidiaries and an archive of its press releases can be found at http://www.firstam.com on the Internet.

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