Hannover Re Reorganizing U.S. Business with Praetorian Launch; S&P Ratings and Comments March 8, 2006 Email This Subscribe to Newsletter Email to a friend Facebook Tweet LinkedIn Print Article Article 1 Comment March 8, 2006 at 9:09 am dot_hemath says: Like or Dislike: 0 0Third paragraph says S&P lowered Clarendon to BBB+ (understandable as it is now a runoff company), but affirmed A+ on the operating subs of PFG. In the sixth paragraph it says S&P ssigned a BBB+ to PFG, which reflects the ratings on its operating subsidiaries. Please explain. Reply Add a Comment Cancel reply Your email address will not be published. Required fields are marked * Name * Email * Comment ΔNotify me of comments via e-mail
Third paragraph says S&P lowered Clarendon to BBB+ (understandable as it is now a runoff company), but affirmed A+ on the operating subs of PFG.
In the sixth paragraph it says S&P ssigned a BBB+ to PFG, which reflects the ratings on its operating subsidiaries.
Please explain.