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Sompo Japan Himawari Life Affirmed At 'AA-'; Outlook Negative; Merged Entity To Retain Same Ratings And Outlook Sep 11 Product Image

Sompo Japan Himawari Life Affirmed At 'AA-'; Outlook Negative; Merged Entity To Retain Same Ratings And Outlook Sep 11

  • ID: 1927898
  • September 2011
  • Region: Japan
  • Standard & Poors

Abstract
Sompo Japan Himawari Life Insurance and NIPPONKOA Life Insurance will merge to form NKSJ Himawari Life Insurance Co. Ltd. on Oct. 1, 2011. Standard & Poor's has affirmed its 'AA-' ratings on Sompo Japan Himawari and the insurer's status as a core subsidiary within the NKSJ group. The outlook on the ratings is negative, reflecting that on the other core operating entities within the group. TOKYO (Standard & Poor's) Sept. 30, 2011--Standard & Poor's Rating Services today affirmed its 'AA-' insurer financial strength and long-term counterparty credit ratings on Sompo Japan Himawari Life Insurance Co. Ltd. (Sompo Japan Himawari). The outlook on both ratings is negative. Sompo Japan Himawari will merge with NIPPONKOA Life Insurance Co. Ltd. (NR) to form...

Companies mentioned in this report are: NKSJ Himawari Life Insurance Inc.
Action: Affirmed

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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