The increase is the first for Allstate in nearly five years and first for the industry in more than two years since the start of the pandemic. On October 30, the California Department of Insurance (CDI) approved Allstate’s request for a 6.9% increase in its personal auto liability and physical damage rates. The CDI has […]
LKQ Debt Rated Investment Grade
LKQ Corporation (NASDAQ:LKQ) today announced that S&P Global Ratings raised the Company’s issuer credit rating to an investment grade rating of BBB- from BB+. Additionally, S&P raised the Company’s issuer-level rating on its unsecured debt to BBB- from BB+. S&P’s rating outlook for LKQ Corporation is stable. “Achieving investment grade status with S&P is further […]