Moody's rates Arrowhead loans B2, B3

Moody's Investors Service said it assigned a B2 corporate family rating to Arrowhead General Insurance Agency, Inc., B2 ratings to Arrowhead's first-lien credit facilities - a term loan and a revolving credit facility - and a B3 rating to the company's second-lien term loan.

The outlook is stable.

According to Moody's, the ratings reflect Arrowhead's position as a leading U.S. general agency and program specialist that provides product development, marketing, underwriting and administrative services to national insurance carriers.

These strengths are tempered by the company's considerable financial leverage and by its modest size relative to other insurance brokers and agents rated by Moody's.

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