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American Health & Life Insurance Co. 'AA-pi' Financial Strength Rating Affirmed
Standard & Poors, Jan 2001
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.
Abstract
NEW YORK (Standard & Poor's CreditWire) Jan. 18, 2001--Standard & Poor's today affirmed its double-'A'-minus-pi financial strength rating on American Health & Life Insurance Co. (American Health) based on its strategic importance to Citigroup Inc., extremely strong capitalization and liquidity, and solid operating results, partially offset by product line concentration and a somewhat aggressive investment profile. Based in Fort Worth, Tex., the company (NAIC: 60518) is a wholly owned subsidiary of CitiFinancial Credit Corp. (CitiFinancial), which is an indirect wholly owned subsidiary of Citigroup Inc. (counterparty credit rating double-'A'-minus). Citigroup Inc. is a bank holding company parent of a diversified group of insurance and financial services companies that provides a broad array of financial products and services to consumer and...
Companies mentioned in this report are: American Health & Life Insurance Co.,CitiFinancial Credit Corp,Citigroup Inc.
Action: Affirmed
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