TOKYO (Standard&Poor's) Sept. 11, 2012--Standard&Poor's Ratings Services today said that it will continue to monitor the potential divestment of Japan-based ING Life Insurance Co. Ltd. (ING Life; BBB+/Developing/--) by its Dutch parent ING Groep N.V. (A+/Stable/A-1) after the Nikkei reported that the global financial services conglomerate is trying to sell ING Life to Hong Kong-based Pacific Century Group (not rated). ING Life has said no decisions have been made so far. We have already incorporated into the current ratings and outlook on ING Life a high likelihood that it will be divested out of the ING group. The current ratings on ING Life also reflect its stand-alone credit profile (SACP). Standard&Poor's will pay close
