S&P affirms, withdraws HIG Holdings

S&P said it affirmed the B long-term issuer credit ratings on HIG Holdings Inc. and its core subsidiaries.

The outlook is stable.

Subsequently, the agency withdrew the ratings at the company’s request.

S&P said the outlook reflects an expectation that HIG will continue to produce healthy margins and earnings growth due to increased scale from both organic growth and a modest acquisitive strategy.

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