Fremont General Ratings Lowered By Duff & Phelps

Duff & Phelps Credit Rating Co. has made several ratings changes for Fremont General Corp. Fremont’s senior debt rating were lowered from BBB to BBB- while the preferred securities of Fremont’s subsidiary Fremont General Financing I were raised from BBB- to BB+. The claims paying ability rating for Fremont Compensation Insurance Group fell from A to A-. Duff & Phelps reaffirmed the group’s short-term ability rating of D-1 and also said the rating outlook is stable.