USF&G Capital II Credit Rating

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Date	Document Type	Title	Source
15 Oct 2010	Announcement	Moody's affirms Travelers Companies ratings (A2 senior unsecured); outlook stable	Moody's Investors Service
20 Nov 2007	Rating Action	Moody's reviews Travelers' ratings for possible upgrade	Moody's Investors Service
02 May 2007	Rating Action	Moody's affirms Travelers' ratings; changes outlook to positive	Moody's Investors Service
03 May 2006	Rating Action	MOODY'S AFFIRMS ST. PAUL TRAVELERS' RATINGS; CHANGES OUTLOOK TO STABLE	Moody's Investors Service
14 Jul 2005	Rating Action	MOODY'S UPGRADES RATINGS OF CERTAIN SUBSIDIARIES OF ST PAUL TRAVELERS COMPANIES, INC. (INSURANCE FINANCIAL STRENGTH RATINGS TO Aa3) FOLLOWING RE-POOLING; PARENT COMPANY DEBT RATINGS' AFFIRMED (A3 SENIOR) AND OUTLOOK REMAINS NEGATIVE	Moody's Investors Service
01 Feb 2005	Rating Action	MOODY'S AFFIRMS THE ST. PAUL TRAVELERS' DEBT RATINGS (SENIOR AT A3) AND CHANGES OUTLOOK TO NEGATIVE; REVIEWS LEGACY ST. PAUL COMPANIES' INSURANCE FINANCIAL STRENGTH RATINGS FOR POSSIBLE UPGRADE	Moody's Investors Service
23 Jul 2004	Rating Action	MOODY'S AFFIRMS RATINGS OF THE ST. PAUL TRAVELERS AND SUBSIDIARIES; OUTLOOK FOR ST. PAUL POOL CHANGED TO NEGATIVE FROM POSITIVE	Moody's Investors Service
17 Nov 2003	Rating Action	MOODY'S CONFIRMS RATINGS OF THE ST. PAUL COMPANIES, INC. (SENIOR DEBT AT A3) AND SUBSIDIARIES FOLLOWING ANNOUNCED MERGER WITH TRAVELERS PROPERTY CASUALTY; CHANGES ST. PAUL'S INSURANCE FINANCIAL STRENGTH OUTLOOK TO POSITIVE	Moody's Investors Service
02 Apr 2003	Rating Action	MOODY'S LOWERS RATINGS OF THE ST. PAUL COMPANIES, INC. AND SUBSIDIARIES (SENIOR DEBT TO A3); OUTLOOK IS STABLE	Moody's Investors Service
14 Feb 2003	Rating Action	MOODY'S PLACES THE ST. PAUL COMPANIES' RATINGS ON REVIEW FOR POSSIBLE DOWNGRADE	Moody's Investors Service
28 Oct 2002	Rating Action	MOODY'S AFFIRMS ST. PAUL COMPANIES' RATINGS, OUTLOOK CHANGED TO NEGATIVE	Moody's Investors Service
01 Aug 2002	Rating Action	MOODY'S CONFIRMS ST. PAUL COMPANIES' RATINGS, OUTLOOK STABLE; RATES NEW SENIOR HYBRID SECURITIES A2	Moody's Investors Service
20 May 2002	Rating Action	MOODY'S PLACES ST. PAUL COMPANIES' RATINGS ON REVIEW FOR POSSIBLE DOWNGRADE	Moody's Investors Service
12 Dec 2001	Rating Action	MOODY'S DOWNGRADES ST. PAUL COMPANIES' RATINGS; INSURANCE FINANCIAL STRENGTH TO Aa3 AND SENIOR UNSECURED DEBT TO A2	Moody's Investors Service
24 Sep 2001	Rating Action	MOODY'S REVIEWS RATINGS OF CERTAIN INSURERS AND REINSURERS WITH EXPOSURE TO RECENT TERRORIST ATTACKS	Moody's Investors Service
27 Jul 2001	Rating Action	MOODY'S RE-CALIBRATES ITS PREFERRED STOCK RATING SCALE TO PROMOTE CROSS-SECTOR COMPARABILITY	Moody's Investors Service
24 Feb 2000	Rating Action	MOODY'S AFFIRMS RATINGS OF ST. PAUL, SENIOR DEBT AT A1, INSURANCE FINANCIAL STRENGTH AT Aa2	Moody's Investors Service
19 Jun 1998	Rating Action	MOODY'S LOWERS RATINGS OF ST. PAUL COMPANIES, INC. (SENIOR TO A1) AND RAISES RATINGS OF USF&G CORPORATION (SENIOR TO A2). INSURANCE FINANCIAL STRENGTH RATINGS ALSO AFFECTED.	Moody's Investors Service
21 Jan 1998	Rating Action	MOODY'S PLACES THE RATINGS OF USF&G CORPORATION AND SUBSIDIARIES ON REVIEW FOR POSSIBLE UPGRADE, FOLLOWING ANNOUNCEMENT OF ACQUISITION BY THE ST. PAUL COMPANIES, INC.	Moody's Investors Service
11 Aug 1997	Rating Action	MOODY'S CONFIRMS CREDIT RATINGS OF USF&G CORPORATION (SENIOR DEBT AT Baa2)	Moody's Investors Service
10 Jan 1997	Rating Action	MOODY'S ASSIGNS "baa3" RATINGS TO USF&G CAPITAL II SECURITIES, SERIES B; CONFIRMS OTHER USF&G RATINGS (INSURANCE FINANCIAL STRENGTH AT A3)	Moody's Investors Service

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