Fitch Maintains Negative Watch on Continental General Insurance & United Teacher Associates [Professional Services Close – Up]
Fitch Ratings maintains
KEY RATING DRIVERS
Fitch downgraded the Insurer Financial Strength for both companies to 'BBB' and placed them on Rating Watch Negative on
The ratings remain on Rating Watch Negative pending Fitch's review of the statutory impact of the reserve strengthening on capital and RBC. Fitch expects to complete its analysis as part of its annual review of all AFG ratings within the next 45 days.
The ratings could be downgraded further pending the results of the study, or deterioration in RBC to materially below 200 percent, without commensurate capital support from AFG.
Additional information is available at 'fitchratings.com'. The ratings above were unsolicited and have been provided by Fitch as a service to investors. The issuer did not participate in the rating process, or provide additional information, beyond the issuer's available public disclosure.
--'Insurance Rating Methodology' (
Insurance Rating Methodology -- Amended
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