(June 12 – 17:20 ET) – Kingsway Financial Services Inc. (Kingsway) announced that Standard & Poor’s has affirmed its senior debt rating of BBB-, with a stable outlook.

The investment grade rating follows a comprehensive review conducted by S&P, which cited Kingsway’s strong Canadian business position, the company’s good operating results, the ability to consistently report an underwriting profit and very strong capital position as major factors contributing to the rating.

“We are very pleased to have received such a strong rating, which confirms the financial strength and stability of the Kingsway organization,” Bill Star, President and CEO, said in a press release.
-IE Staff