Asbestos To Affect Ratings, Moody's Says
NU Online News Service, Mar. 27, 9:49 a.m. EST?Underfunding of asbestos liabilities may be the principal driver of rating downgrades of property-casualty insurers in 2002 and beyond, Moody's Investor's Service said today.
The New York-based rating agency announced the publication of a new report entitled, "Rising Asbestos Losses Pressure Ratings of Commercial Insurers."
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