Duff & Phelps Credit Rating Co. (DCR) has made several ratings changes for Fremont General Corp. Fremont’s senior debt rating was 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-.” DCR 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.
AIG’s Zaffino: Outcomes From AI Use Went From ‘Aspirational’ to ‘Beyond Expectations’ 
Trump Demands $1 Billion From Harvard as Prolonged Standoff Appears to Deepen 
Trump’s Repeal of Climate Rule Opens a ‘New Front’ for Litigation 
‘Structural Shift’ Occurring in California Surplus Lines From This Issue
