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S&P Credit Research827 word report
published Jun 03, 2009
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S&P Credit Research
| Abstract: | 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 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 Standard&Poor's 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. It would also likely remove the uncertainty surrounding FCI's ability to restore
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| Brief Excerpt: | RESEARCH Ratings Definitions Research Update: 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,...
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| Report Type: | Research Update
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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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- 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
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