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Summary: Lansforsakringar AB (publ) Sep 06
Standard & Poors, September 2006
The counterparty credit rating on Sweden-based L-nsf-rs-kringar AB (publ) (LF AB) reflects its status as the intermediate holding company for the core operating subsidiaries within L-nsf-rs-kringsgruppen, known as the L-nsf-rs-kringar Alliance (LF or the Alliance). The strong financial strength of the Alliance derives from its leadership in the Swedish non-life market, strong capitalization, and strong underwriting performance. These strengths are offset, however, by LF's concentration on the mature and competitive Swedish non-life sector and potential volatility of earnings resulting from exposure to equities. Positive stand-alone rating factors for LF AB are its diversified income streams, track record of support from owners, and strong debt-servicing ability within the Alliance. These positive factors are offset by the increasing dependence on trends in...
Companies mentioned in this report are: Lansforsakringar AB,Lansforsakringar Sak Forsakrings AB,Agria Ins. Co. Ltd. (Unsolicited Ratings),Lansforsakringar Bank
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This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
Lansforsakringar AB,Lansforsakringar Sak Forsakrings AB,Agria Ins. Co. Ltd. (Unsolicited Ratings),Lansforsakringar Bank