Standard & Poor’s Ratings Services has affirmed its ‘A-‘ counterparty credit and financial strength ratings on ProAssurance Corp.’s operating companies: Medical Assurance Co., ProNational Insurance Co., and NCRIC Group Inc. (collectively, ProAssurance). S&P also affirmed its ‘BBB-‘ counterparty credit rating on ProAssurance Corp. (PRA). The outlook on all these companies is stable. S&P subsequently withdrew its counterparty credit and financial strength ratings on ProAssurance at the company’s request. The ratings on PRA remain.
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