Moody's Downgrades PMA Capital Ratings

NU Online News Service, Feb. 9, 10:14 a.m. EST?Moody's Investors Service has downgraded various ratings of Philadelphia-based PMA Capital Corporation, including long-term debt and financial-strength ratings.[@@]

Moody's also placed Chubb Corp. of Warren, N.J. on review. Action on PMA followed surprise reserve actions by that company last year.

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