PMA Withdraws From S&P Ratings
By Michael Ha
NU Online News Service, Nov. 25, 2:25 p.m. EST?Standard & Poor's has further downgraded its ratings on PMA Capital Corp., citing the insurer's decreased financial flexibility, additional reserve concerns and uncertain strategic directions for its future. PMA responded by issuing a statement protesting the ratings agency's assessment and saying it is immediately withdrawing from the S&P rating process.[@@]
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