American Financial, AXA and 12 Others Receive Ratings Updates

Ratings Corner, January 13, 2014

Jennifer Morrell

Moody's has affirmed the Baa1 senior debt rating for American Financial Group Inc., and the A1 insurance financial strength (IFS) ratings of AFG's property and casualty (P&C) operations led by Great American Insurance Co. (GAIC), following the announcement that AFG will acquire workers' compensation insurer Summit Holdings Southeast Inc. and its related companies (unrated; together "Summit") from the Liberty Mutual Group for about $250 million.

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