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Americn States Interco Pool CPA Rtg Afmd;Off S&PWatch May 96
Standard & Poors, May 1996
Abstract
NY -- Standard & Poor's CreditWire 5/1/96 -- Standard & Poor's today has affirmed its double-`A' claims-paying ability rating of American States Intercompany Pool (ASIG) and has removed the rating from CreditWatch, where it was placed March 15, 1996. The affirmation is based on ASIG's strong capitalization, very good underwriting results, and adequate reserves. Prospectively, Standard & Poor's believes the company may find it difficult to balance its growth objectives with its desire to maintain its currently strong operating results. Since initiating its first restructuring efforts in 1991, ASIG's results have steadily improved; however, an expense overhang has dampened further bottom line improvement to date. From 1991, ASIG's loss ratio has fallen 10 points to 72% in 1995 while its...
Companies mentioned in this report are: American States Intercompany Pool
Action: New Rating
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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