US EditionKBRA Assigns Preliminary Rating to Surplus Notes of Clear Blue Specialty Insurance Company
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KBRA Assigns Preliminary Rating to Surplus Notes of Clear Blue Specialty Insurance Company
NEW YORK–(BUSINESS WIRE)–#creditratingagency–KBRA assigns a preliminary rating of “BBB” with Stable Outlook to surplus notes (“Notes”) to be issued by Clear Blue Specialty Insurance Company (CBSIC) (KBRA Insurance Financial Strength Rating: A-/Stable). As surplus notes, the Notes are deeply subordinated and payments thereon are subject to the prior approval of the Texas Department of Insurance. If any payments are not approved, the payment will …
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