S&P: Liberty Mutual lifts view to positive

Standard & Poor's said it affirmed the A- long-term insurer financial strength rating on Liberty Mutual Group Inc. and revised the outlook to positive from stable.

The agency also said it affirmed the BBB- long-term counterparty credit rating on the holding company, Liberty Mutual Group Inc.

The company's proposed add-on of $300 million to its existing senior note issuance does not change the BBB- rating on the debt.

The ratings reflect the group's strong business risk profile and upper adequate financial risk profile, which is built on moderately strong capital and earnings and a moderate risk position, said Tracy Dolin, an S&P analyst.

"Our strong enterprise risk management and fair management assessment supports the ratings," Dolin said in a press release.

The company's proposed $300 million add-on to its senior notes follows Liberty's recent $260 million debt redemption, S&P said.

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