Gard group has demonstrated its ability to manage its risk-based capital, according to our measures, in the 'AA' range (very strong). Consequently, we are raising our long-term counterparty credit and financial strength ratings on the core operating entities of Gard Group to 'A+' from 'A'. The stable outlook reflects our expectation that the Gard Group will continue to maintain its strong competitive position, very strong capitalization underpinned by strong enterprise risk management, and strong operating performance. LONDON (Standard&Poor's) Dec. 17, 2012--Standard&Poor's Ratings Services said today that it raised its long-term counterparty credit and financial strength rating on the core operating entities of mutual marine insurer Gard Group to 'A+' from 'A' (Gard; see ratings list below).
