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 onCreditWatch with negative implications after XL Capital Ltdannounced its third-quarter net income would sustain a $160 millionafter-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.
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.