Moody's: Unitrin view to stable

Moody's Investors Service said it affirmed the Baa3 senior debt ratings of Unitrin, Inc.

Moody's also said it changed the outlook to stable from negative, reflecting meaningfully improved financial results in 2009 and the stabilization of the group's financial flexibility and liquidity position.

The outlook change reflects improved financial flexibility at the parent company and the orderly wind down of its Fireside Bank subsidiary, the agency said.

Trinity also has taken actions to strengthen its capital adequacy by reducing catastrophe exposure in high-risk zones, the agency said. Unitrin has significantly improved the quality of its investment portfolio across its operating units, in particular, by substantially reducing the size and concentration of its equity holdings, Moody's added.

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