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S&P Credit Research604 word report
published Apr 09, 2009
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S&P Credit Research
| Abstract: | LONDON (Standard&Poor's) April 9, 2009--Standard&Poor's Ratings Services today commented on its CreditWatch placement of Iceland-based insurer Tryggingamidstödin hf. (TM). The 'BB' long-term counterparty credit and insurer financial strength ratings remain on CreditWatch with negative implications. The ratings were originally placed on CreditWatch with negative implications on Oct. 7, 2008, following the application by TM's parent company, Stodir hf. (not rated), for bankruptcy protection. This was initially granted up until October 20, but has since been granted two periods of extension, the most recent of which expired on April 6. Standard&Poor's considers that uncertainties still remain over TM's future ownership and financial position. We understand that on April 6, Stodir obtained permission from the Reykjavik
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| Brief Excerpt: | RESEARCH Ratings Definitions Icelandic Insurer Tryggingamidstodin Still On Watch Neg On Future Ownership Concerns Publication date: 09-Apr-2009 Primary Credit Analyst: Peter McClean, London (44) 20-7176-7075; peter_mcclean@standardandpoors.com...
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| Report Type: | Ratings Action
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| Ticker: | TM@IR
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| Issuer: | Tryggingamidstodin hf.
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| GICS: | Multi-line Insurance (40301030)
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| Sector: | Global Issuers, Insurance
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| Country: | Iceland
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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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- Research Update: Icelandic Insurer Tryggingamidstodin Still On Watch Neg On Future Ownership Concerns $175.00
On April 9, 2009, Standard&Poor's Ratings Services commented on its CreditWatch placement of Iceland-based insurer Tryggingamidstödin hf. (TM). The 'BB' long-term counterparty credit and insurer financial strength ratings remain on CreditWatch ...
- Icelandic Insurer Tryggingamidstodin Group Still On Watch Neg On Future Ownership Concerns $100.00
LONDON (Standard&Poor's) Jan. 8, 2009--Standard&Poor's Ratings Services today commented on its CreditWatch placement of Iceland-based insurer Tryggingamidstödin hf. (TM) and its subsidiary Norway-based non-life insurer NEMI Forsikring ASA (NEMI). ...
