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.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.