Research Update: Primerica Inc. Assigned 'A-' Rating, Primerica Life Insurance Co. 'AA-' Ratings Affirmed; Outlook Stable May 11
- Language: English
- Published: May 2011
We assigned our its 'A-' counterparty credit rating to Primerica Inc. (PRI) with a stable outlook. The counterparty credit rating on PRI reflects its moderate financial leverage and strong fixed-charge coverage metrics, which are supported by PRI's well-balanced sources of cash flows from the life and non-life business operations of its U.S. and Canadian subsidies. We affirmed the 'AA-' counterparty credit and insurer financial strength ratings on Primerica Life Insurance Co., and the outlook remains stable. NEW YORK (Standard & Poor's) May 25, 2011--Standard & Poor's Ratings Services said today that it assigned its 'A-' counterparty credit rating to Primerica Inc. (PRI) and affirmed its 'AA-' counterparty credit and insurer financial strength ratings on its life insurance subsidiary Primerica Life...
Companies mentioned in this report are: Primerica inc.,Primerica Life Insurance Co.
Action: New Rating
Action: Outlook: Stable
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.
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Primerica inc.,Primerica Life Insurance Co.