S&P raises view on Liberty

Standard & Poor's said it revised its outlook on Liberty Mutual Group Inc. and the members of the Liberty Mutual Intercompany Pool, the Peerless Intercompany Pool, and other rated insurance to positive from stable.

At the same time, S&P said it affirmed its BBB- long-term counterparty credit and senior unsecured debt ratings and its BB junior subordinated debt rating on LMGI, its A- long-term counterparty credit and insurer financial strength ratings on Liberty, and its BBB surplus notes rating on Liberty Mutual Insurance Co. In addition, S&P said it affirmed the A-2 short-term counterparty credit and commercial paper ratings on LMGI.

"The outlook revision reflects our view that LMGI's results improved in 2010, and that the first six months of 2011 performance compares favorably with peers' and the P/C industry's," said S&P credit analyst Birgitte Arendal in a news release.

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