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Bulletin: U.K. Insurer Standard Life Assurance Ltd. Ratings Unaffected By Proposed Disposal Of Standard Life Bank PLC Oct 09
Standard & Poors, Oct 2009
Abstract
LONDON (Standard & Poor's) Oct. 27, 2009--Standard & Poor's Ratings Services said today that its ratings and outlook on U.K.-based insurer Standard Life Assurance Ltd. (SLAL; A+/Stable/A-1) are unaffected by its proposed disposal of Standard Life Bank PLC (SLB; A-/Watch Pos/A-2) to Barclays Bank PLC (AA-/Negative/A-1+). In our opinion, the disposal will focus SLAL strategy on its core asset accumulation business. The ratings on the Standard Life group reflect its very strong capital position, very strong investment profile, and very strong liquidity profile. Offsetting factors are the challenges it faces in delivering new business profitability in the short term....
Companies mentioned in this report are: Standard Life Assurance Ltd.,Barclays Bank PLC
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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