Following SAFECO Corp.’s announcement of a potential sale of SAFECO Credit, the “F2” commercial paper rating on SAFECO Credit Company was placed on Rating Watch Evolving by Fitch. The rating group indicated that any future rating action and resolution of the Rating Watch status will be determined by the financial strength and strategic commitment of SAFECO Credit’s ultimate owner, should SAFECO Credit eventually be sold.
Was this article valuable?
Here are more articles you may enjoy.
AIG’s Zaffino: Outcomes From AI Use Went From ‘Aspirational’ to ‘Beyond Expectations’ 
World’s Growing Civil Unrest Has an Insurance Sting 
Lemonade Books Q4 Net Loss of $21.7M as Customer Count Grows 
Jury Finds Johnson & Johnson Liable for Cancer in Latest Talc Trial From This Issue
