Fitch Affirms Progressive’s IDR at ‘A+’; Outlook Stable
August 14th, 2010
Fitch Affirms Progressive’s IDR at ‘A+’; Outlook Stable
CHICAGO–(BUSINESS WIRE)–Fitch Ratings has affirmed the Progressive Corporation’s (NYSE: PGR) ratings as follows: –Issuer Default Rating (IDR) at ‘A+’; –Senior debt ratings at ‘A’; –Junior subordinated debt ‘BBB+’. Fitch has also affirmed Progressive’s operating subsidiaries Insurer Financial Strength (IFS) rating of ‘AA’. A complete list of affected ratings follows the end of the release …
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