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Research Update: Great American Financial Resources Inc. Ratings Affirmed; Outlook Stable Apr 05 Product Image

Research Update: Great American Financial Resources Inc. Ratings Affirmed; Outlook Stable Apr 05

  • ID: 1828228
  • April 2005
  • Region: United States
  • Standard & Poors

Abstract
On April 26, 2005, Standard & Poor's Ratings Services affirmed its 'BBB-' counterparty credit and related ratings (see ratings list) on Great American Financial Resources Inc. (GAFRI). At the same time, Standard & Poor's affirmed its 'A-' counterparty credit and financial strength ratings on Great American Life Insurance Co. (OH) (GALIC) and Annuity Investors Life Insurance Co. (AILIC; collectively Great American Life Insurance Group or GALIG.) The outlook is stable. The ratings on GALIG reflect GAFRI's conservative GAAP financial leverage of about 30% and good GAAP and statutory fixed-charge coverage of more than 4x and 3x, respectively, and GALIG's strong competitive position, particularly in the 403(b) annuity market; significantly improved consolidated risk-based capitalization; and strong earnings, investments, and liquidity. The...

Companies mentioned in this report are: Great American Financial Resources Inc.,Annuity Investors Life Insurance Co.,Great American Life Insurance Co. (OH),American Financial Group Inc.,American Annuity Group Capital Trust II,American Annuity Group Capital Trust III,AAG Holding Co. Inc.
Action: Affirmed
Action: Downgraded
Action: READ MORE >

Great American Financial Resources Inc.,Annuity Investors Life Insurance Co.,Great American Life Insurance Co. (OH),American Financial Group Inc.,American Annuity Group Capital Trust II,American Annuity Group Capital Trust III,AAG Holding Co. Inc.

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