Vesta Upgraded
DCR upgraded the claims paying ability ratings of the Vesta Insurance Group (VTA) insurance subsidiaries from “BB+” to “BBB-,” moving the insurance ratings into the secure category. Other ratings that were upgraded include VTA’s senior debt (from “B+” to
“BB-,”), the capital securities (trust preferred) rating of the Vesta Insurance Trust I and VTA’s convertible preferred stock rating (from “B” to “B+”). The rating outlook is positive.
Popular Today
- Alliant Latest to Sue Howden US Over Alleged ‘Smash-and-Grab’ Poaching
- Florida Lawmakers Ready for Another Shot at Litigation Funding Limits
- New York Governor Hochul Vows to Tackle Insurance Affordability, Litigation and Fraud
- 10 Highest Class-Action Settlements in 2025 Eclipsed $70B Total: Duane Morris