Duff & Phelps Credit Rating Co. has made several ratings changes for Fremont General Corp. Fremont’s senior debt rating were lowered from BBB to BBB- while the preferred securities of Fremont’s subsidiary Fremont General Financing I were raised from BBB- to BB+. The claims paying ability rating for Fremont Compensation Insurance Group fell from A to A-. Duff & Phelps reaffirmed the group’s short-term ability rating of D-1 and also said the rating outlook is stable.
Was this article valuable?
Here are more articles you may enjoy.
Seven People Charged in $100M Workers’ Compensation Fraud Operation in Florida 
AI’s Volatile Power Demand Is Damaging Its Own Data Centers 
Jury Finds No Gun Defect, Sides With Sig Sauer in Unintended Discharge Case 
US Ready to ‘Take Any Actions Necessary’ to Fight EU ESG Rules 
