Lindsey Morden Group's Sr Nts Rtd BBB- by S&P - S&P Global Ratings’ Credit Research

Lindsey Morden Group's Sr Nts Rtd BBB- by S&P

Lindsey Morden Group's Sr Nts Rtd BBB- by S&P - S&P Global Ratings’ Credit Research
Lindsey Morden Group's Sr Nts Rtd BBB- by S&P
Published May 26, 1998
Published May 26, 1998
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

NY -- Standard&Poor's CreditWire 5/26/98 -- Standard&Poor's today assigned its triple-'B'-minus rating to Lindsey Morden Group, Inc.'s (LM) C$125 million senior notes offering. LM is a holding company, 64% owned by Fairfax Financial Holdings Ltd., which, through its subsidiaries provides independent claims adjusting, appraisal and loss management services through a network of 304 branches in Canada and the United States. The rating is based on the company's post-acquisition business profile in the loss adjusting and claims related activities service market, relationship to parent Fairfax and projected debt levels and service capabilities. Recently, LM announced its intentions to purchase the shares of Hambro Insurance Services Group PLC (HIS) of London, England from majority shareholder (52%), Hambros PLC

  
Report Type:

Ratings Action

Ticker
FFH@CN
Issuer
GICS
Multi-line Insurance (40301030)
Sector
Global Issuers
Country
Region
Format:
HTML HTML
Buy Now

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Lindsey Morden Group's Sr Nts Rtd BBB- by S&P" May 26, 1998. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Lindsey-Morden-Group-s-Sr-Nts-Rtd-BBB-by-S-P-29675>
  
APA:
S&P Global Ratings’ Credit Research. (). Lindsey Morden Group's Sr Nts Rtd BBB- by S&P May 26, 1998. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Lindsey-Morden-Group-s-Sr-Nts-Rtd-BBB-by-S-P-29675>
  
US$ 150.00
$  £  
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Credit Research from one place.