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.
Cloudy Future for Bourbon Has Jim Beam Closing Distillery for a Year 
CRC Group Signs Agreement to Acquire Euclid Transactional 
Litigation Funding, Other New Laws in SE States Could Impact Liability Insurance 
Longtime Motel 6 Spokesman Tom Bodett Settles Lawsuit Against Chain 
