Standard & Poor’s has withdrawn its public information (pi) counterparty credit and financial strength ratings on various insurance companies because of a decision to refocus analytical research resources.
“Specifically, in those insurance sectors where Standard & Poor’s already provides significant coverage through its full, interactive rating process, Standard & Poor’s will withdraw many – or, in some cases, all – of its pi ratings,” credit analyst Tom Taillon commented.
In accordance with Standard & Poor’s surveillance standards, the ratings were lowered for various analytical reasons before their withdrawal based on the most recently available public information.
Was this article valuable?
Here are more articles you may enjoy.
Former Insurance Agent Sentenced to Jail for Fraud, Again 
CBIZ Brokerage to Be Spun Off, Backed by Private Equity, After $5B Grant Thornton Deal 
Great American Escapes Coverage for Grocery’s Opioid Litigation Settlement 
NYC Halts Construction at 222 Broadway Office-to-Residence Tower 
