Moody's Investors Service has downgraded the ratings of Arch Capital following completion of its $3.4bn purchase of United Guaranty Corp (UGC) from AIG on Tuesday (3 January).
The one-notch downgrades lower the insurance financial strength (IFS) ratings of Arch's main P&C operating subsidiaries from A1 to A2 and its senior unsecured debt rating from A3 to Baa1.
Moody's assigned a stable outlook to the ratings. It also downgraded the IFS rating of Arch Mortgage Guaranty Company (AMG) from A3 to...
If you are a non-subscriber but would like to be able to view this article, then please go to our Publications page for further information on joining our readership