New York, January 09, 2015 -- Moody's Investors Service, ("Moody's") has affirmed the debt and preferred stock ratings of XLIT Ltd. (senior debt at Baa2), a wholly-owned subsidiary of XL Group plc (NYSE: XL -- not rated) and the A2 insurance financial strength ratings of XL's principal operating subsidiaries following XL's announcement that it has entered into an agreement to acquire Catlin Group Limited (LSE: CGL, Catlin -- not rated), a London-based global specialty property and casualty (P&C) insurer and reinsurer. The outlook for the ratings is stable.
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