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S&P Credit Research1020 word report
published Nov 03, 2009
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S&P Credit Research
| Abstract: | -- The risk-based capital adequacy of American Steamship Owners Mutual P&I Assn. Inc. (American Club) has improved. -- As a result, we are raising our counterparty credit and financial strength ratings on American Club to 'BB' from 'BB-'. -- The stable outlook reflects our expectation that American Club will be able to maintain its current level of capital adequacy and improve underwriting results. NEW YORK (Standard&Poor's) Nov. 3, 2009--Standard&Poor's Ratings Services said today that it raised its counterparty credit and financial strength ratings on American Steamship Owners Mutual P&I Assn. Inc. (American Club) to 'BB' from 'BB-'. The outlook is stable. "The upgrade reflects American Club's improved risk-based capital adequacy on a pro forma basis for
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| Brief Excerpt: | RESEARCH Ratings Definitions American Steamship Owners Mutual P&I Assoc. Inc. Credit Rating Raised To '##', Outlook Stable Publication date: 03-Nov-2009 Primary Credit Analyst: Siddhartha Ghosh, New York (1) 212-438-1466; siddhartha_ghosh@standardandpoo...
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| Report Type: | Ratings Action
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| Ticker: | 10579Z
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| Issuer: | American Steamship Owners Mutual P&I Assoc. Inc.
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| GICS: | Property & Casualty Insurance (40301040)
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| Sector: | Global Issuers
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| Country: | United States
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| Region: | United States
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| Free Sample: |
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| Format: | | HTML |  |
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
Also from S&P Credit Research
- American Steamship Owners Mutual P&I Assoc. Inc. $400.00
Slightly improved risk-based capital adequacy from historical levels. Improved underwriting results compared with some of its higher rated peers. Good financial flexibility. Significantly reduced uncertainty related to pre-1989 asbestos exposures. ...
- Summary: American Steamship Owners Mutual P&I Assoc. Inc. $175.00
The insurer financial strength rating on American Steamship Owners Mutual P&I Assoc. Inc. (American Club) reflects American Club's improved risk-based capital adequacy from historical levels, better underwriting results in recent years, good ...
- Research Update: American Steamship Owners Mutual P&I Assn. Inc. Credit Rating Raised To 'BB', Outlook Stable $175.00
The risk-based capital adequacy of American Steamship Owners Mutual P&I Assn. Inc. (American Club) has improved. As a result, we are raising our counterparty credit and financial strength ratings on American Club to 'BB' from 'BB-'. The stable ...
- American Steamship Owners Mutual P&I Assoc. Inc. $400.00
Good financial flexibility. Significantly reduced uncertainty from pre-1989 asbestos exposures. Improved underwriting risk profile from historical standard. Weak capital adequacy as per Standard&Poor's Ratings Services' capital model. Significant ...
- Summary: American Steamship Owners Mutual P&I Assoc. Inc. $175.00
The insurer financial strength rating on American Steamship Owners Mutual P&I Assoc. Inc. (American Club) reflects American Club's good financial flexibility, significantly reduced uncertainty related to pre-1989 asbestos exposures, and improved ...
- American Steamship Owners Mutual P&I Assoc. Inc. $400.00
Improved statutory capital, although it remains very weak on a risk-adjusted basis. Good financial flexibility through supplementary calls on members. Improved underwriting standards have led to better risk selections from historical standards. ...
- Summary: American Steamship Owners Mutual P&I Assoc. Inc. $175.00
The insurer financial strength rating on American Steamship Owners Mutual P&I Assoc. Inc. (American Club, the Club) reflects its weak but improved statutory capital, good financial flexibility, and modest improvement in underwriting processes ...
- American Steamship Owners Mutual P&I Assoc. Inc. Upgraded To 'BB-', Off Watch Neg $100.00
NEW YORK (Standard&Poor's) Oct. 10, 2007--Standard&Poor's Ratings Services said today that it raised its counterparty credit and financial strength ratings on American Steamship Owners Mutual P&I Assn. Inc. (American Club) to 'BB-' from 'B+', ...
