Funding Agreement-Backed Note Issuance Reaches New High in 2004, Report Says Jan 05
- ID: 1823548
- January 2005
- Standard & Poors
NEW YORK (Standard & Poor's) Jan. 10, 2005--Funding agreement-backed note and certificate issuance reached $37.6 billion in 2004, according to a report published today by Standard & Poor's Ratings Services. "This is the highest total rated for any year," noted Standard & Poor's credit analyst Gary Martucci. According to the article, which is titled "Funding Agreement-Backed Note Issuance Totals $37.6 Billion For 2004," although issuance for the fourth quarter decreased 23% compared with the fourth quarter of 2003, the total for the entire year is an 8% increase versus 2003. This brings the total of funding agreement/GIC-backed medium-term note and certificate issuance rated by Standard & Poor's since 1997 to $169.0 billion. In 2004, SunAmerica Life Insurance Co. was the...
Companies mentioned in this report are: John Hancock Life Insurance Co.,Metropolitan Life Insurance Co.,SunAmerica Life Insurance Co.,Principal Life Insurance Co.,Allstate Life Insurance Co.
Action: General Comment
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Research type: News
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