Kemper Ratings Downgraded, Withdrawn By S&P
NU Online News Service, July 3, 4:00 p.m. EDT?Standard & Poor's Ratings Services downgraded its counterparty credit and financial strength ratings on Kemper Insurance Companies' intercompany pool members to "triple-C" from "B-minus" with a "negative" outlook, the rating agency announced yesterday.
After the downgrade, the new ratings were withdrawn at the request of Long Grove, Ill.-based Kemper, which no longer writes new business and continues to run off its existing books of business.
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