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.
Sentry to Sponsor PGA Tournament at Torrey Pines 
AIG’s Turnaround Under Zaffino Sets Stage for New Leadership 
After Complaint, GEICO Agrees to Modify Cancellation Process That Uses AI 
NY Lawmakers Agree to Governor’s Auto Insurance Reforms in New Budget 
