Duff & Phelps Credit Rating Co. (DCR) has made several ratings changes for Fremont General Corp. Fremont’s senior debt rating was lowered from “BBB” to “BBB-” while the preferred securities of Fremont’s subsidiary, Fremont General Financing I, were raised from “BBB-” to “BB+.” The claims paying ability rating for Fremont Compensation Insurance Group fell from “A” to “A-.” DCR reaffirmed the group’s short-term ability rating of “D-1” and also said the rating outlook is stable.
Was this article valuable?
Here are more articles you may enjoy.
Comulate Loses Appeal for Injunction Against Applied Systems 
New York Issues Cybersecurity Tips for a ‘Heightened Threat’ Climate With AI 
Acrisure to Cut 2,250 Employees, Citing Advances in Technology and AI 
NY Lawmakers Agree to Governor’s Auto Insurance Reforms in New Budget From This Issue
