Harleysville's S&P Rating Downgraded

NU Online News Service, May 21, 10:02 a.m.EDT?Standard & Poor's Ratings Services has lowered itscounterparty credit and senior debt rating on Harleysville GroupInc. to "Triple-B" from "Triple-B-Plus," citing first-quartercompany losses and the "volatile'' performance of itssubsidiaries.

The New York-based S&P said that the ratings outlook is"stable."

Continue Reading for Free

Register and gain access to:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 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.