Fitch downgrades Verisk

Fitch Ratings said it downgraded the issuer default rating of Verisk Analytics, Inc. to A- from A, along with its short-term issuer default rating to F2 from F1 and senior unsecured notes to A- from A.

The agency also said it downgraded its wholly owned subsidiary Insurance Services Office, Inc.'s long-term issuer default rating to A- from A, short-term issuer default rating to F2 from F1, revolving credit facility to A- from A and unsecured private placement notes to A- from A.

The outlook remains stable.

The downgrades consider the company's scale and industry concentration, which are more reflective of an A- rating, Fitch said.

The agency acknowledged that Verisk successfully executed its strategy and plan over the past year and expects that to continue.

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