Following SAFECO Corp.’s announcement of a potential sale of SAFECO Credit, the “F2” commercial paper rating on SAFECO Credit Company was placed on Rating Watch Evolving by Fitch. The rating group indicated that any future rating action and resolution of the Rating Watch status will be determined by the financial strength and strategic commitment of SAFECO Credit’s ultimate owner, should SAFECO Credit eventually be sold.
Was this article valuable?
Here are more articles you may enjoy.
CRC Group CEO on Casualty: ‘It’s More About the Coverage’ Than Price 
Florida Bill Passes, Easing Agency Customer Reps’ Education Requirements 
Florida Bills Would Open Door to More Housing in the Everglades, Brownfields 
Lilly Flags Safety Risk in Compounded Zepbound Mixed With Vitamin B12 From This Issue
