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TEXT-Fitch affirms Validus' ratings, outlook remains positive
Posted on May 08, 2012 at 14:57 PM EDT
May 8 - Fitch Ratings has affirmed the 'A-' Insurer Financial Strength (IFS) rating of Validus Reinsurance, Ltd. (Validus Re), the principal reinsurance operating subsidiary of Validus Holdings, Ltd. (Validus). Fitch has also affirmed Validus' 'BBB+' Issuer Default Rating (IDR), 'BBB' senior unsecured notes rating, and 'BB+' rating for Validus' junior subordinated debt instruments (see full rating list below). The Rating Outlook remains Positive. The ratings action follows Fitch's normal peri
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