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Transatlantic Holdings Inc. Rating Affirmed, Off CreditWatch; Outlook Stable Sep 11 Product Image

Transatlantic Holdings Inc. Rating Affirmed, Off CreditWatch; Outlook Stable Sep 11

  • Published: September 2011
  • Standard & Poors

Abstract
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

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured READ MORE >

Transatlantic Holdings Inc.,Allied World Assurance Co. Holdings AG

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