- Language: English
- Published: December 2011
Outlook On Four Tokio Marine & Nichido Fire Insurance Co. Ltd. Subsidiaries Revised To Negative; Ratings Affirmed
- Published: April 2011
- Standard & Poors
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
Standard & Poor's Ratings Services has revised its outlook on Japan to negative from stable. As a result, we have revised our outlooks on four of the overseas subsidiaries of Tokio Marine & Nichido Fire Insurance Co. Ltd. to negative from stable. The ratings on these subsidiaries are constrained by the long-term sovereign rating on their parent company, as their business franchises and assets are highly concentrated in Japan. We have also affirmed the ratings on these companies. NEW YORK (Standard & Poor's) April 27, 2011--Standard & Poor's Ratings Services said today that it revised its outlook on four of the overseas insurance subsidiaries of Japan-based Tokio Marine & Nichido Fire Insurance Co. Ltd. (TMNF) to negative from stable. The...
Companies mentioned in this report are: Tokio Millennium Re Ltd.,Philadelphia Indemnity Insurance Co.,Philadelphia Insurance Co.,Tokio Marine Financial Solutions Ltd.,Tokio Marine & Nichido Fire Insurance Co. Ltd.
Action: Outlook: Negative
Action: On CreditWatch:Negative
SHOW LESS READ MORE >
Tokio Millennium Re Ltd.,Philadelphia Indemnity Insurance Co.,Philadelphia Insurance Co.,Tokio Marine Financial Solutions Ltd.,Tokio Marine & Nichido Fire Insurance Co. Ltd.