Nationwide Mutual & Nationwide Life Still on S&PWatch Oct 98
- ID: 2049512
- October 1998
- Standard & Poors
NY -- Standard & Poor's CreditWire 10/14/98 - Standard & Poor's ratings on pool members of Nationwide Mutual Insurance Intercompany Pool. and related entities remain on CreditWatch with negative implications, where they were placed May 19, 1998. At the same time, Standard & Poor's affirmed its ratings on pool members of Liberty Mutual Intercompany Pool (see list below). The outlook is stable. The CreditWatch update follows Standard & Poor's recent review of the announced transaction between Nationwide Insurance Enterprise, Employers Insurance Co. of Wausau A Mutual Co., and the Liberty Mutual group. Subject to regulatory approval Employers Insurance will join the Liberty Mutual Pool and end its 13-year affiliation with Nationwide that began in 1985. Initially, the transaction will have...
Action: S&P Event
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Research type: News
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