Ratings agencies agree that Validus Holdings should not see significant negative repercussions from its proposed acquisition of Flagstone Reinsurance Holdings, as statements today indicate Validus' ratings will remain unchanged.
Moody's Investors Service says it is affirming Validus' ratings while upgrading Flagstone's outlook to developing from negative.
Moody's says the rating action assumes "a successful closing of the transaction, which is subject to approval of regulators and Flagstone's shareholders.
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