Moody's Investor Service said it has upgraded Ohio Casualty Corporation's operating subsidiaries' financial strength ratings to "A2" from "A3" and senior debt rating to "Baa2" from "Baa3."
The move was made Friday after Liberty Mutual Group completed its purchase of Ohio Casualty.
Moody's said the ratings and outlooks on Liberty Mutual Group and its subsidiaries remain unchanged.
Liberty Mutual Insurance Co. has an insurance financial strength rating of "A2," a long-term issuer rating of "Baa1" and surplus notes rated "Baa2," all with a stable outlook.
Liberty Mutual acquired Ohio Casualty for approximately $2.8 billion in cash and has taken the company private.
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