S&P: St. Paul Reserves Still Deficient
NU Online News Service, Jan. 26, 12:03 p.m. EST?Standard & Poor's Ratings Services said today that despite The St. Paul Companies Inc. decision to take a $228 million after-tax charge, the insurer's reserves may be five percent deficient.[@@]
St. Paul said last week it would take the charge based on claims against its runoff health care business. S&P said it has changed The St. Paul's CreditWatch status to "CreditWatch Developing" from "CreditWatch Positive."
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