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Italian Insurer Compagnia Assicuratrice Unipol SpA 'A-' Rating Remains On CreditWatch Negative
Standard & Poors, January 2006
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.
PARIS (Standard & Poor's) Jan. 9, 2006--Standard & Poor's Ratings Services commented today on its CreditWatch placement of Italy-based insurer Compagnia Assicuratrice Unipol SpA (Unipol). The 'A-' long-term counterparty credit and insurer financial strength ratings on Unipol remain on CreditWatch with negative implications, where they were first placed on June 3, 2005. On July 19, 2005, following the announcement that the company would launch a mandatory offer for 59% of the ordinary capital of Banca Nazionale del Lavoro SpA (BNL), and on Oct. 18, 2005, Standard & Poor's updated its opinion, announcing that the ratings on Unipol would remain on CreditWatch with negative implications. If the offer were to be approved by the Italian regulators and were to be fully...
Companies mentioned in this report are: Unipol Gruppo Finanziario SpA,Banca Nazionale del Lavoro SpA (former)
Action: CreditWatch Update
Action: On CreditWatch:Negative
Unipol Gruppo Finanziario SpA,Banca Nazionale del Lavoro SpA (former)