Dec 182014

Moody's Cuts American Realty Capital Properties' (ARCP) Unsecured Rating to (subscription)
Moody's rating action reflects the continued uncertainty surrounding the unsecured debt rating from the accounting, legal and investment banking reviews. This concludes the review started on October 30, 2014. Moody's negative rating outlook reflects
Citigroup slaps 'buy' rating on RCAP as Moody's lowers ARCP debt to junk statusInvestmentNews
ARCP's Surprise Departures Leave Void at Top After ErrorsBloomberg

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Unsecured Debt – read more

Dec 182014

Tampa Bay Business Journal (blog)
Progressive Expands in Home Insurance With Increased ARX Stake
NEW YORK ( The Deal) — Car insurance provider Progressive (PGR) announced on Tuesday that it has agreed to pay $ 875 million for a majority stake in home insurance provider ARX Holding, broadening the insurance company's offerings and adding a …
Progressive expands into new line of insuranceInsurance Business America
Flexpoint Ford sells its stake in American Strategic Insurance as Progressive MarketWatch
ASI CEO sees 'good fit' and growth ahead in Progressive dealTampa Bay Business Journal (blog)

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Homeowners Insurance – read more