Research Update: Alleghany Corp. And Transatlantic Holdings Inc. Ratings Affirmed Following Merger Announcement Nov 11
- Language: English
- Published: November 2011
We are uncertain the impending merger between Allied World Assurance Co. Holdings AG and Transatlantic Holdings Inc. will be completed. We have removed our 'BBB+' long-term counterparty credit rating on Transatlantic from CreditWatch Positive. The ratings on Transatlantic's operating companies are affirmed. NEW YORK (Standard & Poor's) Sept. 13, 2011--Standard & Poor's Ratings Services said today that it removed our 'BBB+' long-term counterparty credit rating on Transatlantic Holdings Inc. from CreditWatch Positive, where it was placed June 13, 2011. The outlook is stable. The 'A+' counterparty credit and financial strength ratings on Transatlantic's subsidiaries are affirmed. "As a result of the events that have transpired during the past 90 days, we believe the possibility that Transatlantic's shareholders will approve the...
Companies mentioned in this report are: Transatlantic Holdings Inc.,Allied World Assurance Co. Holdings AG
Action: Removed From CreditWatch
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Research type: News
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Transatlantic Holdings Inc.,Allied World Assurance Co. Holdings AG