DBRS confirms Intact Financial

DBRS said it confirmed the issuer rating of Intact Financial Corp. at A (low) and its senior unsecured debt rating at A (low) and finalized the provisional rating of pfd-2 (low) on the non-cumulative rate reset preferred shares.

The trend is stable.

The company's operating subsidiaries continue to be among the stronger performers in the Canadian property and casualty insurance industry in terms of underwriting profit and overall profitability, according to the agency.

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