PMA Withdraws From S&P Ratings

By Michael Ha

NU Online News Service, Nov. 25, 2:25 p.m.EST?Standard & Poor's has further downgraded itsratings on PMA Capital Corp., citing the insurer's decreasedfinancial flexibility, additional reserve concerns and uncertainstrategic directions for its future. PMA responded by issuing astatement protesting the ratings agency's assessment and saying itis immediately withdrawing from the S&P rating process.[@@]

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.