Research Update: Unitrin Inc.'s P/C Subsidiaries Ratings Lowered To 'A-'; Outlook Negative - S&P Global Ratings’ Credit Research

Research Update: Unitrin Inc.'s P/C Subsidiaries Ratings Lowered To 'A-'; Outlook Negative

Research Update: Unitrin Inc.'s P/C Subsidiaries Ratings Lowered To 'A-'; Outlook Negative - S&P Global Ratings’ Credit Research
Research Update: Unitrin Inc.'s P/C Subsidiaries Ratings Lowered To 'A-'; Outlook Negative
Published Nov 21, 2008
1558 words — Published Nov 21, 2008
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About This Report

  
Abstract:

On Nov. 21, 2008, Standard&Poor's Ratings Services lowered its counterparty credit and financial strength ratings on Unitrin Inc.'s property/casualty (P/C) subsidiaries (collectively, Trinity) to 'A-' from 'A' and affirmed its 'A+' counterparty credit and financial strength ratings on Unitrin's life subsidiaries (see the ratings list). We also affirmed our 'A' counterparty credit and financial strength ratings on Reserve National Insurance Co. and our 'BBB' counterparty credit rating on Unitrin Inc. At the same time, Standard&Poor's removed all of the ratings from CreditWatch, where they had been placed with negative implications on Sept. 3, 2008. The outlook on all of the companies is negative. The removal of the CreditWatch listing reflects Standard&Poor's view that management

  
Brief Excerpt:

RESEARCH Research Update: Unitrin Inc.'s P/C Subsidiaries Ratings Lowered To 'A-'; Outlook Negative Publication date: 21-Nov-2008 Primary Credit Analyst: Tom E Thun, New York (1) 212-438-7255; thomas_thun@standardandpoors.com Secondary...

  
Report Type:

Research Update

Ticker
UTR
Issuer
Kemper Corp.
GICS
Multi-line Insurance (40301030)
Sector
Global Issuers
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Research Update: Unitrin Inc.'s P/C Subsidiaries Ratings Lowered To 'A-'; Outlook Negative" Nov 21, 2008. Alacra Store. May 24, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Unitrin-Inc-s-P-C-Subsidiaries-Ratings-Lowered-To-A-Outlook-Negative-685103>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Unitrin Inc.'s P/C Subsidiaries Ratings Lowered To 'A-'; Outlook Negative Nov 21, 2008. New York, NY: Alacra Store. Retrieved May 24, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Unitrin-Inc-s-P-C-Subsidiaries-Ratings-Lowered-To-A-Outlook-Negative-685103>
  
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