|
|
 |
|
Viewing report
|
|
|
|
'AAA' Ratings Affirmed on ERGO Insurance Group Units; Outlook Stable Aug 01
Standard & Poors, Aug 2001
Abstract
LONDON (Standard & Poor's CreditWire) Aug. 3, 2001--Standard & Poor's today affirmed its triple-'A' counterparty credit and insurer financial strength ratings on the main operating entities of Germany-based ERGO insurance group. These entities are: VICTORIA Lebensversicherung AG, VICTORIA Versicherung AG, Hamburg-Mannheimer Versicherungs-AG, Hamburg-Mannheimer Sachversicherungs-AG, and DKV Deutsche Krankenversicherung AG. At the same time, Standard & Poor's affirmed its double-'A'-plus counterparty credit rating on the group's holding company, ERGO Versicherungsgruppe AG. The outlook is stable. The gap of one notch between the operating and holding companies is less than the standard three notches because of the holding company's well-balanced, high-quality income stream, and its extremely strong capitalization and financial flexibility. The ratings reflect the companies' status as core subsidiaries of the...
Companies mentioned in this report are: ERGO Versicherungsgruppe AG,Munich Reinsurance Co.,Hamburg-Mannheimer Sachversicherungs-AG,ERGO Versicherung AG,ERGO Lebensversicherung AG,Victoria Lebensversicherung AG,UniCredit Bank AG,DKV Deutsche Krankenversicherung AG
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.
|
|
|
|
