S&P Downgrades Harleysville Group Ratings
NU Online News Service, Jan. 2, 2:05 p.m. EST?Standard & Poor's Ratings Services has lowered its counterparty-credit and senior-debt ratings for Harleysville Group Inc. to "triple-B minus" from "triple-B," citing concerns over the company's poor underwriting results and business position.[@@]
The Harleysville Group ratings now have been removed from CreditWatch, but the ratings outlook is "negative," the New York-based S&P added.
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