Demotech ratings actions on hold until relevant discussions completed
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Demotech ratings actions on hold until relevant discussions completed

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Ratings agency Demotech has said it will not issue any rating downgrades today, as discussions continue with rated entities about their financials.

Demotech president Joe Petrelli said the ratings agency would take additional time to review information and consider issues faced by insurers operating in Florida, delaying any downgrades of firms that were scheduled for today, and could have sent shockwaves...

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