Research Update: Toa Reinsurance Co. of America 'A+' Rating Affirmed, Off Watch; Outlook Stable Mar 12
- ID: 2082930
- March 2012
- Region: America, United States
- Standard & Poors
We affirmed our 'A+' rating on Toa Reinsurance Co. (TRJ) and removed it from CreditWatch Negative. We have affirmed our 'A+' rating on TRA and removed it from CreditWatch Negative because of its core status to TRJ. The stable outlook on TRA reflects the outlook on TRJ. On March 2, 2012, Standard & Poor's Ratings Services affirmed its 'A+' financial strength rating on Toa Reinsurance Co. of America (TRA) and removed it from CreditWatch Negative where it was placed Nov. 29, 2011. The outlook is stable. The rating actions on TRA reflect TRA's core status to its parent TRJ. We placed TRJ on CreditWatch Negative on Nov. 29, 2011. On Feb. 29, 2012, we affirmed our 'A+' rating on TRJ...
Companies mentioned in this report are: Toa Reinsurance Co. of America ,Toa Reinsurance Co.
Action: Removed From CreditWatch
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Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.