S&P Lowers Trenwick Grp. Counterparty Ratings

NU Online News Service, Jan. 31, 3:45 p.m. EST?Standard & Poor’s Ratings Services has lowered its counterparty credit ratings on Trenwick Group Ltd. and sub-holding companies?LaSalle Re Holdings Ltd. and Trenwick Amercia Corp.?to “CCC-” from “CCC+” and removed them from CreditWatch following Trenwick’s addition of $107 million to year-end 2002 reserves.

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