Fitch shifts W. R. Berkley view to positive

Fitch Ratings said it changed the outlook to positive from stable and affirmed W. R. Berkley Corp.'s senior debt ratings at BBB+.

“The outlook revision to positive reflects business profile improvement to favorable from moderate and improving capitalization with a downward trend in financial leverage, improving debt service and consistently strong financial performance with limited long-term volatility relative to peers. These positive factors are partially offset by financial leverage that remains higher than peers and reserve risk stemming from long-tail casualty lines,” Fitch said in a press release.

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