- Language: English
- 121 Pages
- Published: August 2012
- Region: Global, United States
Research Update: Great American Financial Resources Inc. Ratings Affirmed; Outlook Stable Apr 05
- ID: 1828228
- April 2005
- Region: United States
- Standard & Poors
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.
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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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.