Vesta 'B-' Rating Affirmed By Fitch After 4Q Earnings

Fitch Ratings Monday commented that the 'B-' long-term issuer and debt ratings of the Vesta Insurance Group (Vesta, NYSE: VTA) remain on Rating Watch Negative following Vesta's release of its fourth quarter earnings and Vesta's announcements regarding the status of various capital initiatives. The 'BB' insurer financial strength ratings of Vesta's property/casualty insurance subsidiaries and the 'CCC' capital securities rating of Vesta Capital Trust I also remain on Rating Watch Negative. The ratings cover approximately $56 million of public senior debt and $20 million of deferrable capital se...