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Fitch IBCA announced that Travelers Property Casualty Corporation’s unsecured senior debt rating of “AA-” and its preferred stock rating of “A+” were placed on RatingAlert Positive. Moreover, Travelers P&C’s commercial paper rating of “F1+” was affirmed. The action follows a March 22 announcement made by Citigroup Inc., which at present owns approximately 85 percent of Travelers P&C, of its intention to tender for all publicly held shares of Travelers P&C it does not already own.

Topics Property Casualty