Archive for the ‘Financial Services’ Category

Ratings Recap: ProAssurance, Lawyers Mutual

Standard & Poor’s Ratings Services revised its outlook on ProAssurance Corp. (PRA) to positive from stable and affirmed its ‘BBB-’ credit rating on the counterparty company. “The outlook revision reflects our view of the improved leverage of PRA and operating performance that were enhanced by strong support and fixed parameters of interest coverage and leverage [...]