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American Financial Group Inc. & Related Entities Ratings Affirmed Nov 99
Standard & Poors, Nov 1999
Abstract
NEW YORK (Standard & Poor's CreditWire) Nov. 4, 1999--Standard & Poor's today affirmed its ratings on American Financial Group Inc. and related entities (see list). The outlook is stable. At the same time, Standard & Poor's assigned its counterparty credit and financial strength ratings to five operating insurance subsidiaries (see list). The ratings are based on the group's strong business position, operating performance, and much improved financial flexibility. Despite a substantive pretax reserve strengthening of $214 million in 1998, the group's consolidated capitalization remains strong. Major Rating Factors: -- The group maintains a leadership position in its markets as one of the 25 largest property/casualty insurance groups and the third largest personal nonstandard auto insurance writer. -- The group's operations...
Action: Affirmed
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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