Bulletin: Ratings On LFAB & LF Sak Unaffected By Lansforsakringar Liv AB's Proposed Demutualization Jun 08
- ID: 2024424
- June 2008
- Standard & Poors
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
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