KBRA affirms BBB rating, outlook stable
KBRA kept Orange at BBB with a stable outlook. It noted $37 million in surplus notes and heavy use of reinsurance. It also noted about 3,000 active agents and rate pressure from new rivals in Florida.
KBRA kept Orange at BBB with a stable outlook. It noted $37 million in surplus notes and heavy use of reinsurance. It also noted about 3,000 active agents and rate pressure from new rivals in Florida.