Fitch Affirms Brit Limited's IDR at 'BBB'; Withdraws Ratings

December 7, 2015 2:26 PM

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(The following statement was released by the rating agency) LONDON, December 07 (Fitch) Fitch Ratings has affirmed Brit Limited's (Brit) Long-term Issuer Default Rating (IDR) at 'BBB' with a Stable Outlook and its subordinated notes at 'BB'.

At the same time, Fitch has withdrawn the ratings. KEY RATING DRIVERS Fitch has withdrawn the ratings as Brit has decided to stop participating in the rating process. Therefore, Fitch will no longer have sufficient information to maintain the ratings on Brit. Accordingly, Fitch will no longer provid...

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