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Bulletin: Ratings On LFAB & LF Sak Unaffected By Lansforsakringar Liv AB's Proposed Demutualization Jun 08
Standard & Poors, June 2008
Abstract
LONDON (Standard & Poor's) June 16, 2008--Standard & Poor's Ratings Services said today that its counterparty credit rating on L-nsf-rs-kringar AB (publ) (A-/Stable/--), the intermediate holding company of the core operating subsidiaries within L-nsf-rs-kringar Alliance (LF), and its counterparty credit and insurer financial strength ratings on non-life insurer L-nsf-rs-kringar Sak F-rs-krings AB (publ) (A/Stable/--), a core entity of LF, are unaffected by the announcement of L-nsf-rs-kringar Liv AB's proposed restructure to become a profit-distributing, limited liability life-assurance company. Standard & Poor's believes the demutualization of L-nsf-rs-kringar Liv AB will have a long-term positive effect on the ratings through enhanced diversification on earnings. The financing of the demutualization is likely to increase the gearing of L-nsf-rs-kringar AB, however, it is expected...
Companies mentioned in this report are: Lansforsakringar AB,Lansforsakringar Sak Forsakrings AB
Action: Bulletin
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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