Boston real estate and Boston condos for sale | Good timing: Liberty Mutual closes on new acquisition

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Good timing: Liberty Mutual closes on new acquisition

From Banker & Tradesman:

On Monday, Liberty Mutual completed the $6.2 billion acquisition of Safeco Corp. Congrats!

On Tuesday, Fitch Ratings downgraded the value of the company’s bonds from ‘BBB+’ to ‘BBB’ and IFS from ‘A’ to ‘A-’. Whoops!

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Posted by John Keith on 09/24/08 |
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