Standard & Poor’s (S&P) withdrew its rating on Credit General Insurance Co. from “Bpi.” The rating action followed recent announcements that the Ohio Department of Insurance had suspended the company from writing new business and that Credit General had failed to file financial statements for the second quarter of 2000. The rating action also comes soon after S&P lowered Credit General’s FSR from “BBBpi” to “Bpi.” The company now shares the not-rated status of its wholly owned subsidiary, Credit General Indemnity Co.
Was this article valuable?
Here are more articles you may enjoy.
Former Ransomware Negotiator Pleads Guilty to Aiding Attackers 
Chubb Q1 Net Income Increases 74% on Fewer Catastrophe Losses 
Bayer Shareholders Keep the Squeeze on CEO Over Roundup Lawsuits 
Florida Woman Drives Elevated Pickup Over Lamborghini Sports Car in Parking Lot From This Issue
