Virginia Surety Lowered

The FSR on Virginia Surety Co. Inc. was lowered from “Api” to “BBBpi” by S&P, which cited weakening capitalization and deteriorating profitability as major rating factors. Virginia Surety, licensed throughout the U.S., is a subsidiary of the Aon Corp. In addition, it owns a 22 percent interest in the brokerage firm RBH Europe Inc. and 100 percent of the property/casualty company Virginia Surety Co. Inc. of Buenos Aires.