from
S&P Credit Research779 word report
published Jun 03, 2009
Price
$100.00 available for immediate download
Report Overview
Search Inside
About
S&P Credit Research
| Abstract: | PARIS (Standard&Poor's) June 3, 2009--Standard&Poor's Rating Services said today that it affirmed its 'A-' counterparty credit and financial strength ratings on Netherlands-based commercial lines insurer Fortis Corporate Insurance N.V. (FCI). The outlook remains negative. The affirmation follows today's announcement that U.K.-based property casualty insurer and reinsurer Amlin PLC (BBB+/Stable/--) intends to acquire FCI. Completion of the transaction, which is expected before the end of July 2009, remains subject to the requisite regulatory and shareholder approvals. "The affirmation of the ratings on FCI reflects our view that its acquisition by Amlin, if successful, would remove the uncertainty surrounding FCI's long-term ownership and strategy, and would reinforce FCI's competitive position," said Standard&Poor's credit analyst Marie-Aude Salinas.
|
| Brief Excerpt: | RESEARCH Ratings Definitions Fortis Corporate Insurance 'A-' Ratings Affirmed After News Of Planned Acquisition By Amlin PLC; Outlook Negative Publication date: 03-Jun-2009 Primary Credit Analyst: Marie-Aude Salinas, Paris (33) 1-4420-6792;...
|
| Report Type: | Ratings Action
|
| Ticker: | 40236Z@BB
|
| Issuer: | Fortis Corporate Insurance N.V.
|
| GICS: | Property & Casualty Insurance (40301040)
|
| Sector: | Global Issuers
|
| Country: | Netherlands
|
| Region: | Europe, Middle East, Africa
|
| Free Sample: |
Click Here to Download
|
| Format: | | HTML |  |
|
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
- Fortis Corporate Insurance N.V. Outlook Revised To Stable; 'A-' Ratings Affirmed On Completion Of Amlin PLC Acquisition $100.00
Amlin PLC has completed its acquisition of Fortis Corporate Insurance N.V., following the receipt of all regulatory and shareholder approvals. We are therefore revising our outlook on FCI to stable from negative. We are affirming our 'A-' insurer ...
- Research Update: Fortis Corporate Insurance N.V. Outlook Revised To Stable; 'A-' Ratings Affirmed On Completion Of Amlin PLC Acquisition $175.00
Amlin PLC has completed its acquisition of Fortis Corporate Insurance N.V., following the receipt of all regulatory and shareholder approvals. We are therefore revising our outlook on FCI to stable from negative. We are affirming our 'A-' insurer ...
- Research Update: Fortis Corporate Insurance 'A-' Ratings Affirmed After News Of Planned Acquisition By Amlin PLC; Outlook Negative $175.00
On June 3, 2009, Standard&Poor's Rating Services affirmed its 'A-' counterparty credit and financial strength ratings on Netherlands-based commercial lines insurer Fortis Corporate Insurance N.V. (FCI). The outlook remains negative. The affirmation ...
- Fortis Corporate Insurance N.V. $400.00
Strong, albeit declining, capitalization Good competitive position in corporate risks Good operating performance Execution risks linked to the company's strategy and operational management Concentration of exposure in Benelux countries The ...
- Summary: Fortis Corporate Insurance N.V. $175.00
The ratings on Dutch insurer Fortis Corporate Insurance N.V. (FCI) reflect its strong, albeit weakened, capitalization; good competitive position in its specialty markets; and good, though volatile, operating performance. Offsetting these is ...
- Fortis Corporate Insurance Ratings Affirmed At 'A-' And Removed From CreditWatch Developing; Outlook Negative $100.00
PARIS (Standard&Poor's) April 3, 2009--Standard&Poor's Ratings Services said today that it has affirmed its 'A-' counterparty credit and financial strength ratings on Netherlands-based commercial lines insurer Fortis Corporate Insurance N.V. ...
- Research Update: Fortis Corporate Insurance Ratings Affirmed At 'A-' And Removed From CreditWatch Developing; Outlook Negative $175.00
On April 3, 2009, Standard&Poor's Rating Services affirmed its 'A-' counterparty credit and financial strength ratings on Netherlands-based commercial lines insurer Fortis Corporate Insurance N.V. (FCI). At the same time, Standard&Poor's removed ...
- Fortis Corporate Insurance Maintained On CreditWatch With Developing Implications $100.00
PARIS (Standard&Poor's) Jan. 8, 2009--Standard&Poor's Ratings Services said today that it has maintained, on CreditWatch with developing implications, its 'A-' ratings on Fortis Corporate Insurance N.V. (FCI). This entity was placed on CreditWatch ...
