Fitch affirms PMA

Fitch Ratings said it affirmed PMA Capital Corp.'s issuer default rating and senior debt rating at BBB- and BB+, respectively.

Fitch noted that it also has affirmed the BBB+ insurer financial strength ratings of the three active primary insurance subsidiaries collectively referred to as PMA Insurance Group.

The outlook is stable.

Fitch said that its affirmation of PMA's ratings is a reflection of the company's improved underwriting performance, liquidity profile, and minimal capital deterioration from investment losses.

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