• +353-1-416-8900(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
Research Update: Fortis Corporate Insurance N.V. Ratings Lowered To 'A-'; Outlook Developing Sep 08 Product Image

Research Update: Fortis Corporate Insurance N.V. Ratings Lowered To 'A-'; Outlook Developing Sep 08

  • ID: 2035558
  • September 2008
  • Standard & Poors

FEATURED COMPANIES

  • AG Insurance
  • Ageas N.V.
  • Ageas S.A./N.V.
  • Amlin Europe N.V.
  • BGL BNP Paribas S.A.
  • BNP Paribas Fortis SA/NV
  • MORE

Abstract
On Sept. 29, 2008, Standard & Poor's Ratings Services lowered the long-term counterparty credit and financial strength ratings on Fortis Corporate Insurance N.V. (FCI) to 'A-' from 'A'. The outlook is developing. The downgrade reflects that of Fortis group core entities. Today, Standard & Poor's lowered the ratings on Fortis group core entities to 'A' from 'A+' (see "Fortis Group Core Entities Downgraded On Weakening Business Position; Outlook Developing," published Sept. 29, 2008, on RatingsDirect). One of FCI's major rating factors is the support from the Fortis group, and consequently the current ratings on Fortis group core entities lead to a cap on the ratings on FCI at 'A-'. The ratings on FCI reflect its strong competitive position, strong operating...

Companies mentioned in this report are:
- Amlin Europe N.V.
- BNP Paribas Fortis SA/NV
- Fortis IFICO
- BGL BNP Paribas S.A.
- AG Insurance
- ASR Schadeverzekering N.V.
- Fortis Funding LLC
- Ageas S.A./N.V.
- Ageas N.V.
- Fortis Finance N.V.
- Ocidental Companhia Portuguesa de Seguros S.A.
- BNP Paribas Fortis Funding
- FortFinLux S.A.
- Fortis Bank (Nederland) READ MORE >

- Amlin Europe N.V.
- BNP Paribas Fortis SA/NV
- Fortis IFICO
- BGL BNP Paribas S.A.
- AG Insurance
- ASR Schadeverzekering N.V.
- Fortis Funding LLC
- Ageas S.A./N.V.
- Ageas N.V.
- Fortis Finance N.V.
- Ocidental Companhia Portuguesa de Seguros S.A.
- BNP Paribas Fortis Funding
- FortFinLux S.A.
- Fortis Bank (Nederland) N.V.
- Fortis Hybrid Financing
- Medis Companhia Portuguesa de Seguros de Saude, S.A.
- ASR Levensverzekering N.V.
- Ocidental Companhia Portuguesa de Seguros de Vida S.A.

Note: Product cover images may vary from those shown

RELATED PRODUCTS