Rating firms reacted positively to yesterday's news that Liberty Mutual planned to purchase Ohio Casualty Corp. for $2.7 billion.

Moody's said it was considering OCAS for a positive upgrade, while Standard & Poor's Ratings Services said it had placed OCAS on CreditWatch with positive implications.

Mark Rouck, an analyst at Fitch Ratings in New York, said his company has "affirmed" the ratings of Boston-based Liberty Mutual, which is a private company, and "revised" its rating outlook from positive to stable.

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