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Fitch lifts Liberty Mutual view to positive
Fitch Ratings said it affirmed Liberty Mutual Group Inc.'s long-term issuer default rating at BBB.
The company’s outlook also was revised to positive from stable.
The positive outlook stems from Liberty Mutual's gradual improvement in operating performance, which has historically lagged higher-rated peers, Fitch said.
Liberty Mutual traditionally generates weaker underwriting results relative to peers, the agency explained, but this differential has moderately narrowed in recent years.
The ratings also reflect the company's established and sustainable positions in its chosen markets, benefits derived from the company's multiple distribution channels, adequate capitalization and financial performance, Fitch said.
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