S&P changes Iron Horse view to negative

S&P said it revised its outlook on Iron Horse Insurance Co. and Traders Insurance Ltd. to negative from stable following the rating action taken on parent Chevron Corp. S&P affirmed the AA- long-term issuer credit ratings on Iron Horse Insurance Co. and Traders Insurance Ltd.

The negative outlook reflects S&P’s expectation projected cash flow and leverage metrics for parent Chevron will fall below expectations for the rating in 2020.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.