Fitch: Infinity notes at BBB

Fitch Ratings said it has assigned a BBB to Infinity Property & Casualty Corp.'s new $275 million 5% 10-year debt issuance.

The agency said it has also affirmed the company's long-term issuer default rating at BBB+ and operating subsidiaries Insurer financial strength rating at A.

The outlook is stable.

According to Fitch, the affirmation of the company's ratings is based on Infinity's historically strong underwriting results, quality balance sheet characterized by strong capitalization and adequate loss reserving levels.

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