Moody's Downgrades Harleysville
NU Online News Service, April 7, 3:17 p.m. EDT?Moody's Investors Service announced today it has downgraded various ratings of Harleysville, Pa.-based Harleysville Group Inc. because of the insurer's poor 2003 financial results.[@@]
The ratings affected by Moody's action include insurance financial strength ratings of Harleysville Group's intercompany pool members, which were dropped to "A3" from "A2," and the insurer's long-term debt ratings, which were lowered to "Baa2" from "Baa1."
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