NEW YORK (Standard&Poor's) Dec. 13, 2001--Standard&Poor's today revised the outlook on ING America Insurance Holdings Inc. to negative from stable, and at the same time affirmed all ratings outstanding on the company. Standard&Poor's also took various ratings actions on ING America (INGA; the core U.S. life subsidiaries of ING Verzekeringen N.V. (ING)) and related entities. (See list below for all ratings affected.) The rating actions on INGA reflect its diversification of both products and distributions, its dominant market position in virtually all business lines, its core position in the global operations of ING, and extremely strong financial flexibility resulting from its affiliation with the ING group. The outlook revisions reflect ongoing management challenges associated
