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S&P Credit Research858 word report
published Jul 22, 2009
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S&P Credit Research
| Abstract: | 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 financial strength rating on FCI. PARIS (Standard&Poor's) July 22, 2009--Standard&Poor's Ratings Services said today that it revised its outlook to stable from negative on Netherlands-based commercial lines insurer Fortis Corporate Insurance N.V. (FCI), and affirmed its 'A-' long-term counterparty credit and insurer financial strength ratings on the company. The outlook revision follows today's announcement that U.K.-based property/casualty insurer and reinsurer Amlin PLC (BBB+/Stable/--) has completed its acquisition of FCI following the receipt of all regulatory and shareholder approvals.
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| Brief Excerpt: | RESEARCH Ratings Definitions Fortis Corporate Insurance N.V. Outlook Revised To Stable; 'A-' Ratings Affirmed On Completion Of Amlin PLC Acquisition Publication date: 22-Jul-2009 Primary Credit Analyst: Marie-Aude Salinas, Paris (33)...
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| Report Type: | Ratings Action
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| Ticker: | 40236Z@BB
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| Issuer: | Fortis Corporate Insurance N.V.
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| GICS: | Property & Casualty Insurance (40301040)
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| Sector: | Global Issuers
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| Country: | Netherlands
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| Region: | Europe, Middle East, Africa
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| Free Sample: |
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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.
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