A.M. Best Co. has affirmed the financial strength ratings of A (Excellent) of SAFECO Corporation's (Seattle) [NASDAQ: SAFC] property/casualty and life/health insurance subsidiaries. A.M. Best has also affirmed the "bbb+" and "bbb" ratings on SAFECO's existing senior debt and capital securities, respectively. The rating outlook for the property/casualty subsidiaries and debt has been changed to stable from negative. The rating outlook for the life/health subsidiaries remains stable.
The ratings reflect SAFECO's solid operating presence within the property/casualty industry, solid capitalizat...
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