CHICAGO, Sept. 17, 2013 /PRNewswire/ -- Fitch Ratings announced on September 16th that it had upgraded CNA Financial Corporation's (NYSE: CNA) financial strength ratings to A with a stable outlook (from A-). More details can be found in the Fitch press release.
"The upgrade reflects the work we have done to enhance our financial strength and stability, and to improve our earnings consistency. These outcomes and the future optimism reflected in the analyst commentary are a direct reflection of the company's execution of our Winning Proposition and business strategies," said Craig Mense, Chief Financial Officer.
Fitch also upgraded CNA Financial Corporation's Issuer Default Rating to BBB+ from BBB and its senior unsecured debt to BBB from BBB-.
Fitch's upgrade comes on the heels of Standard & Poor's announcement in June that it had upgraded CNA's financial strength ratings to A with a stable outlook.
CNA is highly rated by S&P, A.M. Best and Moody's, with a stable rating outlook from S&P and A.M. Best, and a positive rating outlook from Moody's.
Serving businesses and professionals since 1897, CNA is the country's seventh largest commercial insurance writer and the 13th largest property and casualty company. CNA's insurance products include standard commercial lines, specialty lines, surety, marine and other property and casualty coverages. CNA's services include risk management, information services, underwriting, risk control and claims administration. For more information, please visit CNA at www.cna.com. "CNA" is a service mark registered by CNA Financial Corporation with the United States Patent and Trademark Office. Certain CNA Financial Corporation subsidiaries use the "CNA" service mark in connection with insurance underwriting and claims activities.