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Nationwide Mutual & Nationwide Life Still on S&PWatch Oct 98 Product Image

Nationwide Mutual & Nationwide Life Still on S&PWatch Oct 98

  • ID: 2049512
  • October 1998
  • Standard & Poors

Abstract
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

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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