Moody's Put Atlantic Mutual Ratings On Review
NU Online News Service, Sept. 8, 1:09 p.m. EDT?Moody's Investors Service said it has placed ratings of the Atlantic Mutual Companies on review for a possible downgrade, citing its concern regarding the insurer's capital strength.
This review, the New York-based ratings agency noted, will include the "Baa1″ insurance financial strength rating for Atlantic Mutual's pooled insurance units, as well as the "Ba1″ rating for the insurer's $100 million worth of surplus notes due in 2028.
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