Fitch Ratings has assigned an 'A' rating to The Progressive Corporation (Progressive)(NYSE:PGR) $1 billion 6.70% junior subordinated debentures. Fitch has taken no rating action on the 'AA-' Issuer Default Rating (IDR) and 'A+' senior debt ratings of Progressive and the 'AA+' Insurer Financial Strength (IFS) rating of Progressive's operating subsidiaries. The Rating Outlook is Stable.....
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Car Insurance News: Fitch Rates Progressive's $1B Junior Subordinated Debentures 'A'...Get an auto insurance quote!