Quinn Direct rating outlook positive at Moody's
Moody's Investors Service has assigned a positive outlook to the Baa2 Insurance Financial Strength Rating of Quinn Direct Insurance. The rating action reflects further maturity of the QDI business, as seen in both sustained profitability and an enhanced business profile, Moody's said today. The rating had previously been first assigned in September 2006 with a stable outlook.
Commenting on the rationale behind the rating action, Stephen Hunnisett, vice president-senior credit officer and Moody's lead analyst for QDI explained: "The continued and consistent profitability of
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