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04.02.2013 22:47:00
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Selective Insurance Group, Inc. -- Moody's affirms Selective Insurance Group's ratings; outlook changed to negative
New York, February 04, 2013 -- Moody's Investors Service has affirmed the Baa2 senior debt rating of Selective Insurance Group (NASDAQ: SIGI; "Selective") and the A2 insurance financial strength (IFS) ratings of its principal insurance operating subsidiaries. In the same action, Moody's has changed the outlook on the ratings to negative from stable reflecting a trend of weak underwriting profitability and lower interest coverage metrics.
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