Fitch took rating actions on a group of the American Financial Group Inc. (AFG), a publicly held holding company with subsidiaries which are mainly engaged in selling property/casualty and life insurance and annuities. The following ratings were affirmed: the “A-” senior debt rating of AFG and American Financial Corp.; the “BBB+” subordinated debt rating of American Premier Underwriters Inc.; the “BBB” trust originated preferred securities (TOPrS) rating of American Financial Capital Trust I; and the “AA-” insurer financial strength rating of the Great American Insurance Company Intercompany Pool. The rating outlook is negative.
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