- Language: English
- 118 Pages
- Published: August 2011
- Region: Europe
Research Update: Swiss Life (U.K.) PLC Feb 03
- Published: February 2003
- Region: Switzerland, United Kingdom, Great Britain
- Standard & Poors
On Feb. 12, 2003, Standard & Poor's Ratings Services revised its outlook on U.K.-based insurer Swiss Life (U.K.) PLC, a wholly owned subsidiary of Swiss Life/Schweizerische Lebensversicherungs- und Rentenanstalt AG (Swiss Life; A/Negative/--), to negative from developing. At the same time, Standard & Poor's affirmed its 'BBB' long-term counterparty credit and insurer financial strength ratings on the company. The outlook revision reflects ongoing pressures on Swiss Life (U.K.) due to the current difficult industry environment and poor investment conditions. Furthermore, Swiss Life's desire to divest itself of noncore operations, including Swiss Life (U.K.), places additional pressure on the ratings on Swiss Life (U.K.). The ratings on Swiss Life (U.K.) reflect its good capitalization, leading position in the U.K. life protection...
Companies mentioned in this report are: SL Liverpool PLC,Swiss Life AG
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.
Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.
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SL Liverpool PLC,Swiss Life AG