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Article: Golden Eagle Assigned 'Excellent' Ratings From A.M. Best, Moody's and Standard & Poor's
- Article from:
- PR Newswire
- Article date:
- October 9, 1997
CopyrightCOPYRIGHT 1997 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SAN DIEGO, Oct. 9 /PRNewswire/ -- Three leading rating agencies have extended the financial strength ratings of the Liberty Mutual inter-company pool to the newly formed Golden Eagle Insurance Corporation. The San Diego- based property and casualty insurer is now rated "A" (Excellent) by A.M. Best, "Aa3" (Excellent) by Moody's, and "AA" (Excellent) by Standard & Poor's.
The rating actions culminate a year in which Golden Eagle has gone from a company placed in conservatorship to a financially strong entity with the ability to meet customer obligations. In September 1996, California Insurance Commissioner Chuck Quackenbush declared Golden Eagle's customers ...