Latest Moodys Headlines
All the headlines from our Moodys Topic Page, ordered by recency.
Moody’s Raises Progressive’s Senior Unsecured Rating
Apr 25 2003 // Moody’s Investors Service has upgraded Mayfield Village, Ohio-based Progressive Corp.’s senior unsecured debt rating to “A1” from “A2.” In the same action, the rating agency upgraded the...
Moody’s Lowers Munich Re Rating to ‘Aa3’
Apr 7 2003 // Moody’s Investors Service announced that it has downgraded the financial strength ratings of Munich Reinsurance Company, Hamburg-Mannheimer Versicherungs AG, and Victoria Lebensversicherung AG to Aa3 from Aa1. It...
Industry Applauds Lloyd’s Return to Profitability
Apr 3 2003 // If it were a sports story, it would be something like the Anaheim Angels winning the World Series last year, so when an insurance company, in this case an insurance market, goes from losing almost $5 billion to making...
Hannover Re Responds to Downgrade by Moody’s
Mar 28 2003 // Germany’s Hannover Re has issued a statement commenting on the actions taken by Moody’s Investors Service this week in downgrading the reinsurer’s financial strength rating from “A2” to...
Moody’s Lowers AXA’s Debt Ratings
Mar 20 2003 // Moody’s Investors Service announced that it has lowered the debt ratings of France’s AXA group to A2 from A1 for senior debt, and to A3 from A2 for subordinated and junior subordinated debt, “reflecting a...
PMA Capital Reacts to Moody’s Ratings Moves
Mar 6 2003 // Philadelphia-based PMA Capital announced that Moody’s Investors Service issued a release stating that it has lowered the long-term debt ratings of PMA Capital Corporation (PMACC) to Ba1 from Baa3 and the insurance...
Moody’s Revises AFG to Negative
Mar 3 2003 // Moody’s Investors Service has confirmed the A3 insurance financial strength ratings of the property and casualty insurance subsidiaries of American Financial Group as well as its debt ratings (senior unsecured at...
Moody’s May Lower Zurich’s Ratings
Feb 28 2003 // Moody’s Investors Service announced that it has placed the ratings on Zurich Insurance Company [insurance financial strength rating of A1, senior debt rating of A2, subordinated debt rating of A3, and ZCM Matched...
Moody’s Corp. Reports Non-Recurring Gain from Insurance Recovery
Feb 25 2003 // Moody’s Corporation has received a $15.9 million insurance recovery for incremental costs incurred and lost profits related to the Sept. 11, 2001 tragedy. Combined with a $4 million advance payment received in 2002,...
Moody’s May Cut St. Paul Cos. Ratings
Feb 18 2003 // Moody’s Investors Service has placed the ratings of property-casualty insurer The St. Paul Cos. on review for possible downgrade. Included in the review are the insurance financial strength ratings of St. Paul Fire...
S&P, Moody’s Lower Trenwick Group’s Ratings
Feb 3 2003 // Both Standard & Poor’s Ratings Services and Moody’s Investors Service announced that they have lowered their ratings on the Bermuda-based Trenwick Group Ltd. and its subsidiaries, following the...
Moody’s Revises AXA Group’s Debt Rating Outlook from Stable to Negative
Jan 31 2003 // Moody’s Investors Service announced that it has changed its outlook to negative from stable on the A1 senior debt and A2 subordinated and junior subordinated debt ratings of France’s AXA group. Moody’s...
Moody’s Rates SAFECO Corp. Senior Debt Issue at ‘Baa1’
Jan 29 2003 // Moody’s Investors Service has assigned Baa1 ratings to two issues of senior unsecured debt of SAFECO Corporation and has affirmed the company’s ratings with a stable outlook. Moody’s assigned its Baa1...
Moody’s Puts Fortis Finance Ratings Under Review
Jan 29 2003 // Moody’s Investors Service announced that it has placed the guaranteed Aa3 senior and A1 subordinated and junior subordinated debt ratings of Belgian-Dutch financial services group Fortis Finance N.V. “on review...
Disquieting Developments at Kemper/Lumbermens Mutual
Jan 27 2003 // Even being in business for over 90 years doesn’t seem to assure financial stability these days. 2002 was not a good year for the Chicago-based Kemper Group, headed by Lumbermens Mutual Casualty Company, a leading...
Disquieting Developments at Kemper/Lumbermens Mutual
Jan 27 2003 // Even being in business for over 90 years doesn’t seem to assure financial stability these days. 2002 was not a good year for the Chicago-based Kemper Group, headed by Lumbermens Mutual Casualty Company, a leading...
Willis NA’s Outlook Raised
Jan 13 2003 // Moody’s Investors Service revised its outlook on the debt ratings of Willis NorthAmerica Inc., a subsidiary of Willis Group Holdings. to positive from stable. The rating agency commented that improved earnings,...
Moody’s Affirms Cincinnati Financial Corp Ratings
Nov 27 2002 // Moody’s Investors Service has affirmed Cincinnati Financial Corporation’s (CINF) A2 senior debt rating and its Aa3 insurance financial strength rating of the company’s property & casualty...
S&P, Moody’s Downgrade American Growers, Acceptance
Nov 27 2002 // Standard & Poor’s Ratings Services announced that it has lowered its counterparty credit and financial strength ratings on American Growers Insurance Co. (AGIC) to ‘R’ from ‘CC’, and...
Moody’s Lowers Converium’s Ratings
Nov 26 2002 // Moody’s Investors Service announced that it has downgraded to A2, from A1, the insurance financial strength rating (IFSR) of Converium AG and its U.S. and German subsidiaries-Converium Reinsurance (North America)...
