China Insurance International Holdings Co. Ltd., China International Reinsurance Co. Ltd. Placed On CreditWatch Negative - S&P Credit Research

China Insurance International Holdings Co. Ltd., China International Reinsurance Co. Ltd. Placed On CreditWatch Negative

744 words — Published Mar 19, 2009
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Abstract:

HONG KONG (Standard&Poor's) March 19, 2009--Standard&Poor's Ratings Services said today that it had placed its 'BBB-' long-term and 'A-3' short-term counterparty credit ratings on China Insurance International Holdings Co. Ltd. (CIIH) and the 'BBB-' issue rating on the company's senior unsecured debt on CreditWatch with negative implications. At the same time, Standard&Poor's also placed its 'A-' long-term counterparty credit and insurer financial strength ratings on China International Reinsurance Co. Ltd. (CIRe) on CreditWatch with negative implications. "The CreditWatch actions follow the group's recent profit announcement and reflect the risks stemming from the deterioration in the group's capitalization as a result of losses made in 2008. There is some uncertainty about the group's likely earnings

  
Brief Excerpt:

RESEARCH Ratings Definitions China Insurance International Holdings Co. Ltd., China International Reinsurance Co. Ltd. Placed On CreditWatch Negative Publication date: 19-Mar-2009 Primary Credit Analyst: Paul Clarkson, Hong Kong (852)...

  
Report Type:

Ratings Action

Ticker
966@HK
Issuer
GICS
Reinsurance (40301050)
Sector
Global Issuers, Insurance
Country
Region
Emerging Markets
Format:
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MLA:
S&P Credit Research. "China Insurance International Holdings Co. Ltd., China International Reinsurance Co. Ltd. Placed On CreditWatch Negative" Mar 19, 2009. Alacra Store. Jul 23, 2014. <http://www.alacrastore.com/s-and-p-credit-research/China-Insurance-International-Holdings-Co-Ltd-China-International-Reinsurance-Co-Ltd-Placed-On-CreditWatch-Negative-710142>
  
APA:
S&P Credit Research. (). China Insurance International Holdings Co. Ltd., China International Reinsurance Co. Ltd. Placed On CreditWatch Negative Mar 19, 2009. New York, NY: Alacra Store. Retrieved Jul 23, 2014 from <http://www.alacrastore.com/s-and-p-credit-research/China-Insurance-International-Holdings-Co-Ltd-China-International-Reinsurance-Co-Ltd-Placed-On-CreditWatch-Negative-710142>
  
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