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Allied World Assurance Co. Holdings AG Ratings Removed From CreditWatch; Outlook Stable Sep 11
Standard & Poors, Sep 2011
Abstract
We are uncertain the impending merger between Allied World Assurance Co. Holdings AG and Transatlantic Holdings Inc. will be completed. We have removed the ratings on Allied World and its operating units from CreditWatch Positive. The outlook is stable. NEW YORK (Standard & Poor's) Sept. 13, 2011--Standard & Poor's Ratings Services said today that it removed its 'BBB+' long-term counterparty credit rating on Allied World Assurance Co. Holdings AG and its 'A' counterparty credit and financial strength ratings on Allied World's subsidiaries from CreditWatch Positive, where they were placed June 13, 2011. The outlook is stable. '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: Allied World Assurance Co. Holdings AG,Transatlantic Holdings Inc.
Action: Affirmed
Action: Outlook: Stable
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 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.
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