Moody’s issues Odyssey Re rating
Moody's Investors Service has assigned a Baa3 rating to Odyssey Re Holdings Corporation's $225m 10-year senior notes issued in November of 2003. In addition, the rating agency affirmed the A3 insurance financial strength ratings of Odyssey's lead operating subsidiaries, Odyssey America Reinsurance Corporation and Clearwater Insurance. The outlook for the company's ratings is stable.
In assigning the Baa3 senior debt rating, Moody's said that it was following its normal three notch spread between senior unsecured debt ratings at a holding company and insurance financial strengthOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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