|
|
 |
|
Viewing report
|
|
|
|
American National Insurance Co. Ratings Lowered To 'A' From 'A+'; Outlook Stable Oct 11
Standard & Poors, Oct 2011
Abstract
We believe that the group's prospective competitive position will be challenged because the company operates in a highly competitive marketplace and with relatively small scale, making it difficult to outperform its similarly rated and multiline peers. Operating performance at the consolidated enterprise remains strong, but losses in the property/casualty segment remain higher than industry averages and continue to pressure earnings. We lowered the rating on the core group operating companies to 'A' from 'A+', and lowered the ratings on some operating companies that we consider strategically important by one notch. The outlook on all of the group's operating companies is stable. NEW YORK (Standard & Poor's) Oct. 6, 2011--Standard & Poor's Ratings Services said today that it lowered the rating...
Companies mentioned in this report are: American National Insurance Co.
Action: Downgraded
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.
|
|
|
|
