S&P May Cut XL On Charge News
NU Online News Service, Oct. 20, 2:40 p.m. EDT?Standard & Poor's in New York has put the "double-A" financial strength ratings of the XL America Pool on CreditWatch with negative implications after XL Capital Ltd announced its third-quarter net income would sustain a $160 million after-tax reduction,.
S&P, which acted within hours of XL's announcement Friday, also put various other XL ratings on CreditWatch, including the "A-plus" senior debt of XL Capital Ltd.
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