Kemper Ratings Downgraded, Withdrawn By S&P

NU Online News Service, July 3, 4:00 p.m.EDT?Standard & Poor's Ratings Services downgraded itscounterparty credit and financial strength ratings on KemperInsurance Companies' intercompany pool members to "triple-C" from"B-minus" with a "negative" outlook, the rating agency announcedyesterday.

After the downgrade, the new ratings were withdrawn at therequest of Long Grove, Ill.-based Kemper, which no longer writesnew business and continues to run off its existing books ofbusiness.

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