UK Insurance rating remains stable after DLG IPO
Direct Line Group's UK Insurance is unlikely to see its Moody's A2 insurance financial strength rating change despite the insurer revealing the price of its initial public offering of ordinary shares.
DLG's subordinated debt rating of Baa1 (hyb) has also been unaffected by the float.
DLG's IPO offer price had been set at 175p per ordinary share, slightly below the mid-point of its previously
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