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The Travelers Companies, Inc. Message Board

  • radryan12 radryan12 Aug 12, 2009 2:06 PM Flag

    Travelers Rating - Raise Credit Rating

    "Travelers, the New York-based insurer of cars, homes and
    businesses, climbed the most on the Dow, adding 3.9 percent to $46.68 after S&P said yesterday it may raise its credit rating because of the company’s ability to retain more premium than its rivals after claims and expenses. S&P raised the outlook to “positive” from “stable.”

    “The company is maintaining strong capital and liquidity
    through the difficult market conditions,” S&P analysts Michael Gross and John Iten said in a statement yesterday. Travelers was added to the Dow in June after it surpassed American International Group Inc. in market value."

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