The counterparty credit rating and financial strength rating (FSR) on Lyndon Property Insurance Co. were removed from CreditWatch, where they were placed by S&P on Oct. 22, 1999, subsequent to the announcement of Lyndon’s acquisition by Protective Life Corp. In addition, the ratings were raised from “A” to “AA.”
The rating action followed S&P’s review of Protective Life’s plans for Lyndon, which resulted in S&P’s view that Lyndon is strategically important to Protective Life.
Topics Property
Was this article valuable?
Here are more articles you may enjoy.
Longtime Motel 6 Spokesman Tom Bodett Settles Lawsuit Against Chain 
CEO Sentenced in Miami to 15 Years in One of the Largest Health Care Fraud Cases 
Brown & Brown Files Suit Over Alleged Howden Poaching of 200+ Employees 
Louvre Tightens Security After $102M Jewel Heist, Installs Bars on Infamous Window From This Issue
