The counterparty credit and FSRs on Penn Treaty Network America Insurance Co. were downgraded from “A-” to “BBB+” by S&P. Concurrently, the corporate credit and subordinated debt ratings on Penn Treaty American Corp. were lowered from “BBB-” to “BB+” and from “BB+” to “BB-,” respectively. The outlook is stable.
Was this article valuable?
Here are more articles you may enjoy.
Insurify Starts App With ChatGPT to Allow Consumers to Shop for Insurance 
A 10-Year Wait for Autonomous Vehicles to Impact Insurers, Says Fitch 
US Appeals Court Rejects Challenge to Trump’s Efforts to Ban DEI 
BMW Recalls Hundreds of Thousands of Cars Over Fire Risk From This Issue
