News
Geneva gets an SD rating
Wednesday 6th of April 2011
However, S&P also affirmed sister company Quest Insurance's rating at "CC" with a positive outlook.
The downgrade comes as no surprise because S&P warned of the cut on March 18 when it lowered both companies' ratings from "CCC."
"The rating action follows shareholder and subordinated noteholder approval on March 31 to convert existing debt interests to equity which, in our...
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