logo
Share SHARE
FONT-SIZE Plus   Neg

Fitch Affirms Mercury General's Ratings - Quick Facts

Fitch Ratings said that it has affirmed the 'A' Issuer Default Rating or IDR on Mercury General Corp. (MCY) and the 'A+' Insurer Financial Strength or IFS ratings on MCY's subsidiaries.

Additionally, Fitch has affirmed the 'A' IDR on MCY's subsidiary, Mercury Casualty Co., and 'A' rating on Mercury Casualty's secured senior bank debt. The Rating Outlook is Stable.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
News Corp. (NWS, NWSA) on Thursday posted a loss for the third quarter, hurt largely by lower advertising revenue at news and information segment and a stronger dollar, partly offset by growth in the digital real estate business. The New York-based media company reported a third-quarter loss of $149... Action-sports camera maker GoPro Inc. (GPRO), Thursday posted a loss for the first quarter, as revenues nearly halved and margins dropped sharply reflecting weak demand for its wearable cameras. Loss for the quarter were higher than what Wall Street analysts estimated, but revenues trumped expectations. San... Activision Blizzard Inc. (ATVI) on Thursday reported a drop in profit for the first quarter, hurt by charges related to acquisition of King Digital Entertainment. Nevertheless, the video game publisher's profit and revenues trumped Wall Street estimates. Moving ahead, the company detailed a strong...
comments powered by Disqus
Follow RTT