Fitch Affirms and Withdraws Ratings of MAPFRE U.S.A Corp. Feb 10, 2012 12:20PM

CHICAGO--(BUSINESS WIRE)-- Fitch Ratings has affirmed and withdrawn the 'BBB+' Issuer Default Rating (IDR) on MAPFRE U.S.A. Corp. (formerly Commerce Group Inc., a wholly owned subsidiary of Mapfre SA, and referred to hereafter as MUSA) and the 'BBB' rating on MUSA's senior unsecured notes. Fitch also has affirmed and withdrawn the 'A' Insurer Financial Strength (IFS) rating on MUSA's primary U.S. operating subsidiaries. At the time of the withdrawal the Rating Outlook was Negative. MAPFRE U.S.A. Corp. is no longer considered by Fitch to be relevant to the agency's coverage. ...



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