Reliance Group Holdings Inc. senior debt ratings were lowered from ‘C’ to ‘D’ by Fitch following Reliance’s missed scheduled payments of bank borrowings due Nov. 10 and of senior notes due Nov. 15. On the latter date, Reliance also failed to make a scheduled interest payment on its senior subordinated debt. Reliance Insurance Group’s insurer FSR remains at ‘DDD.’
Was this article valuable?
Here are more articles you may enjoy.
Allstate CEO Wilson Takes on Affordability Issue During Earnings Call 
Florida Insurance Costs 14.5% Lower Than Without Reforms, Report Finds 
Florida Engineers: Winds Under 110 mph Simply Do Not Damage Concrete Tiles 
Nine-Month 2025 Results Show P/C Underwriting Gain Skyrocketed From This Issue
