Standard & Poor's Ratings Services has removed Lloyd's from credit watch and affirmed its ratings after reassurances the market could handle its hurricane losses.
S&P said today that it has affirmed its "A" long-term insurer financial strength rating and its "A" long-term counterparty credit rating and "triple-B-plus" long-term junior subordinated debt rating on Lloyd's Market.
S&P also removed Lloyd's from credit watch, where they had been placed with negative implications on Sept. 9. The outlook is stable.
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