Research Update: Finnish Non-Life Insurer Forsakringsaktiebolaget Alandia 'BBBpi' Ratings Affirmed On Core Status Feb 13
- ID: 2417835
- February 2013
- Region: Finland
- Standard & Poors
Finland-based property/casualty insurer Forsakringsaktiebolaget Alandia (Alandia) is strongly integrated within the parent company of the Alandia group, Redarnas Omsesidiga Forsakringsbolag (Redarnas). We consider that Alandia's business and financial fundamentals are broadly in line with those of Redarnas. Consequently, we now view Alandia as a core operating entity of Redarnas, reflecting its growing contribution to the parent company. We are therefore affirming our 'BBBpi' ratings on Alandia. On Feb. 18, 2013, Standard & Poor's Ratings Services affirmed its 'BBBpi' unsolicited public information (pi) ratings on Finland-based property/casualty insurer Forsakringsaktiebolaget Alandia (Alandia). We have assigned "core" status to Alandia based on our view of its role in the Alandia group. We view it as "core" to the parent company of the Alandia...
Companies mentioned in this report are:
- Forsakringsaktiebolaget Alandia (Unsolicited Ratings)
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.
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. SHOW LESS READ MORE >