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Published on 8/6/2009 in the Prospect News Investment Grade Daily.

Fitch affirms Unitrin; off watch

Fitch Ratings said it has affirmed the following ratings of Unitrin, Inc. and removed them from rating watch negative:

• Unitrin's issuer default rating at BBB-; and $560 million senior notes at BB+; and

• Trinity Universal Insurance Co., United Insurance Co. of America, Union National Life Insurance Co. and Reliable Life Insurance Co.'s insurer financial strength rating at A-.

The outlook is negative.

Unitrin's negative outlook mainly reflects Fitch's concern regarding the uncertainty at Fireside Bank, Unitrin's consumer finance business, over the next 12 to 18 months versus a more near-term concern reflected by the negative watch.


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