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S&PCORRECT: St. Paul Cos. Inc. and Subs Ratings Removed from Watch and Lowered; Outlook Neg

Published Jul 19, 2002

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Abstract:

(Editor's Note: The original version of this article, which was published on July 16, 2002, did not mention the specific rating on St. Paul Cos. Inc. The corrected version appears below.) NEW YORK (Standard&Poor's) July 19, 2002--Standard&Poor's said that it removed from CreditWatch and lowered its counterparty credit rating on St Paul Cos. Inc. to triple-'B'-plus from single-'A'-minus because of the challenges the company continues to face in the execution of certain strategic actions and the level of capital of the combined operating companies, which is below the level needed for the rating. It also reflects the continued strength of earnings of its core book of business. Standard&Poor's also said that it removed from

Report Type:

Ratings Action

Ticker

TRV

Issuer

Travelers Companies Inc. (The)

GICS

Property & Casualty Insurance (40301040)

Sector

Global Issuers , Public Finance , Structured Finance

Country

United States

Region

United States

Format:

HTML

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MLA:	S&P Global Ratings’ Credit Research. "S&PCORRECT: St. Paul Cos. Inc. and Subs Ratings Removed from Watch and Lowered; Outlook Neg" Jul 19, 2002. Alacra Store. May 05, 2025. <http://www.alacrastore.com/s-and-p-credit-research/S-PCORRECT-St-Paul-Cos-Inc-and-Subs-Ratings-Removed-from-Watch-and-Lowered-Outlook-Neg-265941>

APA:	S&P Global Ratings’ Credit Research. (). S&PCORRECT: St. Paul Cos. Inc. and Subs Ratings Removed from Watch and Lowered; Outlook Neg Jul 19, 2002. New York, NY: Alacra Store. Retrieved May 05, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/S-PCORRECT-St-Paul-Cos-Inc-and-Subs-Ratings-Removed-from-Watch-and-Lowered-Outlook-Neg-265941>

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