|
|
 |
|
Viewing report
|
|
|
|
Business Men's Assurance Co. of America 'A-' Ratings Removed From CreditWatch and Affirmed
Standard & Poors, June 2004
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) June 29, 2004--Standard & Poor's Ratings Services said today that it affirmed its 'A-' counterparty credit and financial strength ratings on Business Men's Assurance Co. of America (BMA) and removed them from CreditWatch, where they were placed on June 18, 2004. Standard & Poor's also said that the outlook on BMA is stable. The ratings are based on Standard & Poor's view of the strategic importance of BMA to its ultimate parent, Royal Bank of Canada (RBC) (TSE/NYSE:RY) (AA-/Stable/A-1+). 'The rating reflects BMA's small size within the RBC Insurance group and its position in very competitive markets, which has pressured earnings growth in the past year,' noted Standard & Poor's credit analyst Kevin G. Maher....
Companies mentioned in this report are: Business Men's Assurance Co. of America,Royal Bank of Canada,Liberty Life Insurance Co.
Action: Affirmed
Action: Removed From CreditWatch
|
|
|
|
