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Research Update: Liberty Mutual Group Inc. and Subsidiaries Ratings Affirmed; Outlook Stable Nov 04 Product Image

Research Update: Liberty Mutual Group Inc. and Subsidiaries Ratings Affirmed; Outlook Stable Nov 04

  • ID: 1827422
  • November 2004
  • Standard & Poors

Abstract
On Nov. 16, 2004, Standard & Poor's Ratings Services affirmed its 'A' counterparty credit and financial strength ratings on Boston-based Liberty Mutual Insurance Co. and related entities (see ratings list). At the same time, Standard & Poor's affirmed its 'BBB' counterparty credit rating on Liberty Mutual Group Inc., the holding company. The outlook on all these companies remains stable. The ratings reflect Liberty's prominent market position, highly diversified business mix, stronger underwriting results, and improving capitalization. However, underwriting performance has not improved to the extent seen by some of Liberty's competitors in the current industry cyclical upswing. Factored into these ratings are Standard & Poor's analysis and conclusions regarding the effect on statutory capital of all retroactive reinsurance contracts in...

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.

Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.

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Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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