Moody's reviews Arrowhead

Moody's Investors Service said it placed the B2 corporate family rating of Arrowhead General Insurance Agency, Inc. on review for downgrade. Also on review are Arrowhead's first-lien credit facilities rated B2 and its second-lien credit facility rated B3.

The review was prompted by shortfalls in Arrowhead's EBITDA and free cash flow versus the levels anticipated when the firm was recapitalized in August 2006, according to the agency.

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