S&P Takes Frontier OffWatch

February 3, 2000

Standard & Poors lowered its long-term rating on Frontier Insurance Co.-supported medium-term note issue to “BBB+” from “A.” The issue’s implied short-term rating was lowered to “A-2” from “A-1” accordingly.

In addition, the issue was removed from CreditWatch, where it was placed on Nov. 16, 1999. The $10 million Celebration 2000 Funding LLC medium-term note issue was affected, S&P said. students in insurance-related business skills.

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