S&P, Moody's Rate Zenith Senior Notes

NU Online News Service, March 24, 1:17 p.m. EST?Standard & Poor's Ratings Services announced its "double-b-plus" rating for Zenith National Insurance Corporation's newly issued convertible senior notes worth $110 million. Moody's Investors Service also assigned a rating for Zenith's new senior notes of "Ba1″.

Additionally, S&P also affirmed its "triple-b-plus" counterparty credit and financial strength ratings on Zenith's two operating subsidiaries, Zenith Insurance Co. and ZNAT Insurance Co., while keeping its "negative" outlook.

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