Standard & Poor’s Ratings Services announced that it has affirmed its ‘BBB’ counterparty credit and financial strength ratings on Royal & Sun Alliance Insurance (Puerto Rico) Inc. with a stable outlook.
“The ratings reflect the company’s strong capitalization and operating results; partially offset by its business concentration risk, an increasingly difficult competitive environment in its core Puerto Rican market, and its modest size relative to competitors,” stated S&P credit analyst Polina Chernyak.
The bulletin added that S&P “expects RSA PR’s capitalization to remain strong at more than 250 percent in 2003 and 2004.” ROR is projected to be between 12 and 15 percent, and premium growth is expected to be between 7 and 9 percent.
Was this article valuable?
Here are more articles you may enjoy.
Are ‘Moderate’ Hurricanes Getting Squeezed Out of the Atlantic? 
Palm Beach Billionaires Feud Over Who’s Really Protecting the Everglades 
Amish Mother and 6 Children Killed in Explosion and Fire at Pennsylvania Home 
Ex-CEO, Ex-CFO of Bankrupt AI Company Charged With Fraud 
