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Savings Bank Life Insurance Co. of Massachusetts Assigned 'A-' Ratings; Outlook Is Stable Jun 11 Product Image

Savings Bank Life Insurance Co. of Massachusetts Assigned 'A-' Ratings; Outlook Is Stable Jun 11

  • ID: 1819038
  • June 2011
  • Region: Massachusetts
  • Standard & Poors

Abstract
Savings Bank Life Insurance Co. of Massachusetts (SBLI) has very strong capital adequacy and a conservative investment portfolio. Partially offsetting these strengths are modest operating earnings and challenging competitive conditions in the term life insurance market, where SBLI generates most of its new sales. We are assigning our 'A-' counterparty credit and financial strength ratings on SBLI. The outlook on SBLI is stable, reflecting our expectation that the company will continue to expand at a measured and steady pace while maintaining very strong capital adequacy. NEW YORK (Standard & Poor's) June 9, 2011--Standard & Poor's Ratings Services today said it assigned its 'A-' counterparty credit and financial strength ratings on Savings Bank Life Insurance Co. of Massachusetts (SBLI). The rating...

Companies mentioned in this report are: Savings Bank Life Insurance Co. of Massachusetts
Action: New Rating

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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Savings Bank Life Insurance Co. of Massachusetts

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Note: Product cover images may vary from those shown

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