Fitch Publishes Unrated Issuer Report on Platinum Underwriters Holdings, Ltd.
CHICAGO--(BUSINESS WIRE)--Fitch Ratings has published an Unrated Issuer Report (UIR) on Platinum Underwriters Holdings, Ltd. (Platinum). UIRs provide analytical perspective and transparency on key issues that impact an organization's creditworthiness but without providing a credit rating or rating-like opinion.
The report highlights Platinum's shrinking competitive position, which Fitch considers the company's main credit issue, and takes a closer look at Platinum's credit fundamentals. A peer analysis and summary of market-based indicators round out the UIR.
UIRs are not solicited by the issuer, and Fitch receives no compensation from the issuer for the provision of a UIR. While a UIR is typically based primarily on public information, Fitch analysts may ask questions of an issuer's management while preparing a UIR. The level of management participation, if any, can vary significantly from case to case.
Additional information is available at 'www.fitchratings.com'.
For more information on Unrated Issuer Reports please go to: http://www.fitchratings.com/web_content/product/unrated_reports.pdf.
Applicable Criteria and Related Research:
Platinum Underwriters Holdings, Ltd. (Shrinking in a Competitive Marketplace)