Ratings On ING Life Japan Lowered To 'A' And Removed From CreditWatch; Outlook Negative - S&P Global Ratings’ Credit Research

Ratings On ING Life Japan Lowered To 'A' And Removed From CreditWatch; Outlook Negative

Ratings On ING Life Japan Lowered To 'A' And Removed From CreditWatch; Outlook Negative - S&P Global Ratings’ Credit Research
Ratings On ING Life Japan Lowered To 'A' And Removed From CreditWatch; Outlook Negative
Published Jul 03, 2009
1120 words — Published Jul 03, 2009
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

The ING group has announced that ING Life Japan will stop new sales of its SPVA products so that it can focus on its COLI business. Standard&Poor's reviewed ING Life Japan's ratings following the announcement and lowered to 'A' from 'A+' its financial strength and counterparty credit ratings on ING Life Japan, and removed all ratings from CreditWatch. The outlook is negative, reflecting uncertainty about the stability of in-force profitability, risk of weakening group support in the coming years, and resilience of ING Life Japan's new business franchise, which is now concentrated on the highly competitive COLI business. TOKYO (Standard&Poor's) July 2, 2009--Standard&Poor's Ratings Services today lowered to 'A' from 'A+' its financial strength

  
Brief Excerpt:

RESEARCH Ratings On ING Life Japan Lowered To 'A' And Removed From CreditWatch; Outlook Negative Publication date: 03-Jul-2009 Primary Credit Analyst: Kenichi Akaishi, Tokyo (81) 3-4550-8350; kenichi_akaishi@standardandpoors.com Secondary...

  
Report Type:

Ratings Action

Ticker
0029@JP
Issuer
NN Life Insurance Co. Ltd.
GICS
Life & Health Insurance (40301020)
Sector
Global Issuers, Structured Finance
Country
Japan
Region
Europe, Middle East, Africa
Format:
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Buy Now

ING Life Insurance Co. Ltd. – 2009/08/05 – US$ 500.00

Summary: ING Life Insurance Co. Ltd. – 2009/08/05 – US$ 225.00

ING Life Insurance Co. Ltd. – 2010/08/23 – US$ 500.00

Summary: ING Life Insurance Co. Ltd. – 2010/08/23 – US$ 225.00

ING Life Insurance Co. Ltd. – 2008/04/21 – US$ 500.00

Summary: ING Life Insurance Co. Ltd. – 2008/04/21 – US$ 225.00

ING Life Insurance Co. Ltd. – 2006/09/28 – US$ 500.00

Summary: ING Life Insurance Co. Ltd. – 2006/09/28 – US$ 225.00

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Ratings On ING Life Japan Lowered To 'A' And Removed From CreditWatch; Outlook Negative" Jul 03, 2009. Alacra Store. May 04, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Ratings-On-ING-Life-Japan-Lowered-To-A-And-Removed-From-CreditWatch-Outlook-Negative-731847>
  
APA:
S&P Global Ratings’ Credit Research. (). Ratings On ING Life Japan Lowered To 'A' And Removed From CreditWatch; Outlook Negative Jul 03, 2009. New York, NY: Alacra Store. Retrieved May 04, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Ratings-On-ING-Life-Japan-Lowered-To-A-And-Removed-From-CreditWatch-Outlook-Negative-731847>
  
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