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Zenith 'A-' Rating Affirmed by AM Best;Outlook Stable

Friday, February 6, 2004 | 0

A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) of Zenith National Insurance Group (Zenith) (Woodland Hills, CA). The rating applies to three intercompany pool members and is based on the consolidated operating performance and financial condition of the three insurers. Additionally, A.M. Best has affirmed the "bbb-" senior debt rating on existing convertible notes issued by Zenith National Insurance Corp. (Zenith National) [NYSE: ZNT] (Delaware), and the "bb" subordinated debt rating on existing capital securities issued by Zenith National Insurance Capital Trust I, ...

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