Fitch Downgrades Ratings of Alabama-Based ProAssurance’s HoldCo; Affirms IFS Ratings

Fitch Ratings has affirmed the Insurer Financial Strength (IFS) ratings of Birmingham, Ala.-based ProAssurance Corporation’s (PRA) subsidiaries at ‘A’ and downgraded its senior unsecured debt to ‘BBB’ from ‘BBB+’ and its Issuer Default Rating (IDR) to ‘BBB+’ from ‘A-‘. The …

from News – Insurance Journal