Moody's Gives Second-Best Financial Strength Rating to 14 Travelers Subsidiaries

Moody's Investors Service has rated 14 subsidiaries of The Travelers Cos. as a "very low credit risk" based on their participation in the corporate risk pool. Moody's gave an insurance financial strength rating of Aa2 to the companies, according to a Tuesday press release. The Aa rating indicates "high quality" and "very low credit risk," while the number two means a mid-range ranking within the Aa category. Aa is the second-highest rating Moody's gives after Aaa. The rating house wrote in the statement that the rating is unlikely to change for the c...