NEW YORK (Standard & Poor's) Aug. 27, 2003--Standard & Poor's Ratings Services said today that it affirmed its 'BB+' counterparty credit rating on American Equity Investment Life Holding Co. (AEI). At the same time, Standard & Poor's affirmed its 'BBB+' counterparty credit and financial strength ratings on AEI's operating subsidiary, American Equity Investment Life Insurance Co. (AEILIC). The outlook on all these companies is negative. "The financial strength rating on AEILI reflects its good business position in the annuity industry for its chosen markets, improving profitability and capitalization, extremely strong liquidity, seasoned management team and, and high-quality investment portfolio," said Standard & Poor's credit analyst Jose Siberon. These strengths are offset by the adequate but lower than expected quality of
