| Abstract: | On Jan. 8, 2009, Standard&Poor's Ratings Services maintained, on CreditWatch with developing implications, its 'A-' ratings on Fortis Corporate Insurance N.V. (FCI). This entity was placed on CreditWatch with developing implications on Oct. 6, 2008. The developing implications reflect the remaining uncertainties about the conditions of the disposal of the company, the medium-term prospects regarding its ultimate ownership, and the impact on its stand-alone creditworthiness due to the change in ownership. We expect the Dutch government to sell FCI in the medium term and to support it in the interim. To resolve the CreditWatch placement, we will reassess the company's stand-alone creditworthiness under the current temporary ownership. If we ultimately lower the ratings, this is likely to be
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| Brief Excerpt: | RESEARCH Ratings Definitions Research Update: Fortis Corporate Insurance Maintained On CreditWatch With Developing Implications Publication date: 08-Jan-2009 Primary Credit Analyst: Lotfi Elbarhdadi, Paris (33) 1-4420-6730; lotfi_elbarhdadi@standardandp...
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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, Insurance
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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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| Format: | | HTML |  |
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