Standard & Poor’s Upgrades Hanover Insurance Group Rating

By: Rick Waldinger

Ratings bureau Standard & Poor's has revised its outlook on Hanover Insurance Group Inc. and its operating company subsidiaries to positive from stable, due to "improving core underwriting results, a changing business mix with better growth prospects, and stronger capitalization," according to Standard & Poor's credit analyst John Iten in a press release. The outlook period for these ratings is 12–24 months.

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