Ratings On Core Operating Entities Of Germany-Based Talanx Primary Insurance Group Affirmed At 'A+'; Outlook Stable Dec 10
Standard & Poors, December 2010
Abstract
Germany-based Talanx Primary Insurance Group (TPG) has announced that it expects a significant decline in net income for 2010. We view the expected decline as a one-time earnings event. As a result, we are affirming our 'A+' ratings on TPG's core operating entities. The stable outlook reflects our expectation that TPG's domestic private and commercial business lines segment will post a meaningful operating profit in 2011. FRANKFURT (Standard & Poor's) Dec. 9, 2010--Standard & Poor's Ratings Services said today it affirmed its 'A+' counterparty credit and insurer financial strength ratings on the core operating entities of Germany-based Talanx Primary Insurance Group (TPG). At the same time, the 'A-' counterparty credit rating on Talanx AG, the group's holding company, was affirmed....
Companies mentioned in this report are: HDI Haftpflichtverband der Deutschen Industrie VaG,Talanx AG
Action: Affirmed
Action: Outlook: Stable
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.
HDI Haftpflichtverband der Deutschen Industrie VaG,Talanx AG
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