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ARM Financial Group's Outlook Revised to Developing Jun 99
Standard & Poors, June 1999
Abstract
NEW YORK (Standard & Poor's CreditWire) June 2, 1999--Standard & Poor's today revised its outlook on ARM Financial Group Inc., Integrity Life Insurance Co., and National Integrity Life Insurance Co. to developing from stable. In addition, Standard & Poor's affirmed its various ratings on the companies (see list below). The outlook revision follows ARM Financial's announcement of its decision to focus on its retail annuity business, expand its Internet electronic commerce strategy, and de-emphasize its on-balance sheet institutional business. The company also announced that is has engaged Morgan Stanley Dean Witter & Co. as a financial advisor to evaluate strategic alternatives. The developing outlook reflects the uncertainty regarding the orderly de-emphasis from its institutional business and impact of the company's...
Companies mentioned in this report are: ARM Financial Group Inc.,Morgan Stanley,National Integrity Life Insurance Co.
Action: Outlook Revised
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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