S&P's Trenwick Ratings On CreditWatch

NU Online News Service, March 6, 10:40 a.m.EST?Standard & Poor's Ratings Services in New York hasplaced its "triple-C-minus" counterparty credit ratings onBermuda-based Trenwick Group Ltd. and its sub-holding companies,LaSalle Re Holdings Ltd. and Trenwick America Corp., on CreditWatchwith "negative" implications.

S&P said its decision was based on its belief that thecompany's ability to restructure its senior debt to keep it out ofdefault is "remote."

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