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Bulletin: Swiss Life Ratings Unaffected By Announced Share Buyback Nov 07
Standard & Poors, Nov 2007
Abstract
FRANKFURT (Standard & Poor's) Nov. 20, 2007--Standard & Poor's Ratings Services said today that its ratings and outlook on Switzerland-based Swiss Life/Schweizerische Lebensversicherungs- und Rentenanstalt (Swiss Life, A-/Stable/--) and on the holding company Swiss Life Holding (BBB/Stable/--) were unaffected by today's announcement of a planned up to Swiss franc 2.5 billion share buyback following the proposed sale of the group's Dutch and Belgium operations to SNS REAAL N.V. (A-/Stable/A-2), the holding company for the Netherlands-based SNS banking and insurance group. Standard & Poor's expects Swiss Life's capitalization to remain strong as only part of the capital released from the recent disposals, which also include the sale of the ERISA business and the private banking subsidiary Banca del Gottardo (not rated),...
Companies mentioned in this report are: Swiss Life AG,SNS REAAL N.V.,Swiss Life Holding
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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