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Fitch affirms Liberty Mutual
Fitch Ratings said it affirmed Liberty Mutual Group Inc.'s issuer default rating at BBB and its operating subsidiaries' insurer financial strength ratings at A-.
The agency also affirmed Liberty Mutual's short-term issuer default rating at F2 and commercial-paper rating at F2.
The outlook is positive.
Fitch also said it assigned a BBB- debt rating to the company's two new debt issuances that total $1 billion.
The affirmations reflect the company's established and sustainable positions in its chosen markets, benefits derived from the company's multiple distribution channels, improved core underwriting earnings and good liquidity profile, the agency said.
Fitch also said it recognizes Liberty Mutual's moderately improved capital position.
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