Duff & Phelps Credit Rating Co. has made several ratings changes for Fremont General Corp. Fremont’s senior debt rating were 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-. Duff & Phelps 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.
Wall Street Banks Try Out Anthropic’s Mythos 
Convicted Insurance Mogul Lindberg Should Pay $1.6B Restitution to Companies 
Here’s a List of Gulf Energy Infrastructure Damaged in Iran War 
Mustard Maker Caught Pumping Pollutants Into River for Years and Lying About It 
