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American States Interco Pool CPA Rtg Put on S&PWatch, Dev Mar 97
Standard & Poors, March 1997
Abstract
Standard & Poor's today has placed its double-'A' claims-paying ability rating of American States Intercompany Pool on Creditwatch with developing implications following the announcement that its parent, American States Financial Corp., is exploring a range of strategic options including the potential sale of 100% of the company. The rating of American States Intercompany reflects solely the strength of its own operations and does not imput any implicit or explicit support from Lincoln National Corp., which owns 83% of American States Financial. The rating of American States Intercompany could go up or down depending on which avenue the company decides to follow as well as the structure of any potential future deal. Once American States Intercompany decides upon a course of...
Companies mentioned in this report are: American States Intercompany Pool
Action: On CreditWatch:Developing
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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