The title of the May 14th article concerning Standard & Poor’s removal of the Lloyd’s market from CreditWatch incorrectly had a dash/minus symbol attached to the ‘A’ rating. This was an error and has been corrected.
As the text of the article confirmed, Lloyd’s is rated single ‘A’ by S&P with neither a plus or a minus. A.M. Best rates Lloyd’s as ‘A-‘ (Excellent), which possibly explains the error.
The IJ would like to thank Akiko Kaji; an alert reader of our website in Japan, for bringing the error to our attention.
Topics Excess Surplus Lloyd's
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