Best Places Balboa Group Ratings under Review – Negative

August 17, 2007

  • August 17, 2007 at 12:52 pm
    FRED says:
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    The exposure that Countrywide Loans currently has with the sub-prime loans is limited but will impact their financials – to what degree? Not known yet but the fact that they are under review with negative outlook says something. Problem – Balboa has a huge book of homeowners business with various carriers and if the rating is dropped, you should consider rolling the book if the rating goes below B++….ask your E&O carrier and see what they suggest. I hope Balboa doesnt get hit too hard



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