Standard & Poor's Ratings Services said it has revised the outlook on insurance broker Hilb, Rogal & Hobbs from stable to positive.
The New York-based rating service also affirmed the Richmond, Va.-based insurance broker's credit rating at "double-B."
"The revised outlook reflects HRH's continued progress in building a more cohesive infrastructure, with greater productivity allowing the company to generate noticeable organic revenue and consistently strong margins," said S&P credit analyst Tracy Dolin in a statement.
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