Standard & Poor’s has withdrawn its public information (pi) counterparty credit and financial strength ratings on various insurance companies because of a decision to refocus analytical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.
Vehicle Complexity Complicates Auto Valuation, Says JD Power 
Here’s a List of Gulf Energy Infrastructure Damaged in Iran War 
Lululemon Slips as Texas Announces Probe of ‘Forever Chemicals’ 
Three Sentenced in Bear-Suit Attacks Insurance Fraud Case 
