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Related Companies American Cas Co. of Reading PA CNA Financial Corp. (CNA) Columbia Casualty Co. Continental Casualty Co. Continental Ins Co. of NJ Continental Insurance Co. Natl Fire Ins Co. of Hartford Transportation Insurance Co. Valley Forge Insurance Co.

Moody's on Nov. 3 affirmed the Baa3 senior debt and Ba2 preferred stock ratings of CNA Financial Corp.

At the same time, the rating agency affirmed the A3 insurance financial strength ratings of Continental Casualty Co. and members of its P&C insurance intercompany pool, American Casualty Co. of Reading Pennsylvania, Columbia Casualty Co., Continental Insurance Co. of New Jersey, Continental Insurance Co., National Fire Insurance Co. of Hartford, Transportation Insurance Co. and Valley Forge Insurance Co.

The outlook was revised to stable from negative, reflecting the recovery of the group's equity capitalization and improvement in the holding company's internal liquidity position.

The affirmation of CNA's ratings takes into account its leadership position in many major commercial and specialty P&C insurance lines in the U.S. and its adequate capitalization, among other things.