Moody's Lowers St. Paul Ratings, Outlook Stable

NU Online News Service, April 2, 4:25 p.m.EST?Concluding a rating review started in February,Moody's Investors Service downgraded by one notch long-term andshort-term ratings of The St. Paul Companies Inc. and itssubsidiaries, with the outlook revised to "stable."

The downgrades involve lowering the insurance financial strengthrating of St. Paul Fire & Marine and its pooled affiliates to"A1" from "Aa3" and the senior unsecured debt to "A3" from "A2."The rating for St. Paul's commercial paper was also lowered, to"Prime-2" from "Prime-1."

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