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AIG United Guaranty Insurance (Asia) Ltd. Rating Raised To 'A' From 'A-', Off CreditWatch; Outlook Stable Sep 11
Standard & Poors, Sep 2011
Abstract
AIG UGI Asia is the beneficiary of a comprehensive reinsurance treaty that cedes 100% of all existing and new business to affiliate NUFIC. The treaty has the effect of equalizing the capital adequacy, liquidity, and financial flexibility of AIG UGI Asia with that of NUFIC. We removed the rating on the company from CreditWatch and raised the rating to 'A' from 'A-'. The stable outlook is linked to that on NUFIC. NEW YORK (Standard & Poor's) Sept. 19, 2011--Standard & Poor's Ratings Services said today that it removed the ratings on AIG United Guaranty Insurance (Asia) Ltd. (AIG UGI Asia) from CreditWatch, where they were placed on June 8, 2011, with developing implications, and raised its financial strength rating and...
Companies mentioned in this report are: AIG United Guaranty Insurance (Asia) Ltd.,National Union Fire Insurance Co. of Pittsburgh, PA
Action: Outlook: Stable
Action: Upgraded
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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