Fitch Downgrades Harleysville Debt Ratings
By Michael Ha
NU Online News Service, Dec. 8, 3:40 p.m. EST?Fitch Ratings, concerned about Harleysville Group Inc.'s lackluster underwriting results, downgraded its long-term and senior debt ratings for the company to "triple-B" from "triple-B-plus," while assigning for the first time an "A" insurer financial strength rating for the Harleysville intercompany pool.[@@]
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