SAFECO Credit on Watch Evolving

Following SAFECO Corp.’s announcement of a potential sale of SAFECO Credit, the “F2” commercial paper rating on SAFECO Credit Company was placed on Rating Watch Evolving by Fitch. The rating group indicated that any future rating action and resolution of the Rating Watch status will be determined by the financial strength and strategic commitment of SAFECO Credit’s ultimate owner, should SAFECO Credit eventually be sold.