Best Places Balboa Group Ratings under Review – Negative

August 17, 2007

  • August 17, 2007 at 1:52 am
    FRED says:
    Like or Dislike:
    Thumb up 0
    Thumb down 0

    The exposure that Countrywide Loans currently has with the sub-prime loans is limited but will impact their financials – to what degree? Not known yet but the fact that they are under review with negative outlook says something. Problem – Balboa has a huge book of homeowners business with various carriers and if the rating is dropped, you should consider rolling the book if the rating goes below B++….ask your E&O carrier and see what they suggest. I hope Balboa doesnt get hit too hard

Add a Comment

Your email address will not be published. Required fields are marked *