U.S. Markets open in 1 hr 51 mins

Indian Harbor Insurance Company -- Moody's upgrades XL Group's ratings (IFS to A1) following acquisition by AXA; outlook stable

Moody's Investors Service ("Moody's") has upgraded the insurance financial strength (IFS) ratings of the principal operating subsidiaries of XL Group Ltd ("XL Group") to A1 from A2 following XL Group's acquisition by AXA ("AXA" senior A2 negative). In the same rating action, Moody's upgraded the debt and preferred stock ratings of XLIT Ltd. (senior to A3 from Baa1).