Standard & Poors lowered its long-term rating on Frontier Insurance Co.-supported medium-term note issue to “BBB+” from “A.” The issue’s implied short-term rating was lowered to “A-2” from “A-1” accordingly.
In addition, the issue was removed from CreditWatch, where it was placed on Nov. 16, 1999. The $10 million Celebration 2000 Funding LLC medium-term note issue was affected, S&P said. students in insurance-related business skills.
Was this article valuable?
Here are more articles you may enjoy.
How One Fla. Insurance Agent Allegedly Used Another’s License to Swipe Commissions 
The $3 Trillion AI Data Center Build-Out Becomes All-Consuming for Debt Markets 
Pipeline Explodes at Delfin LNG Planned Project in Louisiana 
Trump’s Repeal of Climate Rule Opens a ‘New Front’ for Litigation 
