Fitch Affirms Ohio Casualty Debt Ratings

Fitch Ratings has affirmed the 'BBB-' senior debt rating and 'BBB-' long-term issuer rating of Ohio Casualty Corporation (Ohio Casualty). The Rating Outlook is Stable. The rating reflects Ohio Casualty's increased strategic focus on underwriting, improving accident year underwriting results and conservative financial leverage. Weighted against these positives are recent poor operating performance driven by adverse reserve development for prior years' losses, and continued inadequate profitability in the workers' compensation and personal lines markets. Ohio Casualty is well into the second...