St. Paul Cos. Inc. Status Revised to CreditWatch Developing From CreditWatch Positive - S&P Global Ratings’ Credit Research

St. Paul Cos. Inc. Status Revised to CreditWatch Developing From CreditWatch Positive

St. Paul Cos. Inc. Status Revised to CreditWatch Developing From CreditWatch Positive - S&P Global Ratings’ Credit Research
St. Paul Cos. Inc. Status Revised to CreditWatch Developing From CreditWatch Positive
Published Jan 23, 2004
606 words — Published Jan 23, 2004
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Abstract:

NEW YORK (Standard&Poor's) Jan. 23, 2004--Standard&Poor's Ratings Services said today that it revised its CreditWatch status on the 'BBB+' counterparty credit and debt ratings on the St. Paul Cos. Inc. (NYSE:SPC) and its 'A+' counterparty credit and financial strength ratings on SPC's insurance company subsidiaries (collectively, St. Paul) to CreditWatch Developing from CreditWatch Positive. These ratings were placed on CreditWatch Nov. 17, 2003, following the company's announcement that its Board of Directors had approved a plan to merge with Travelers Property Casualty Corp. (NYSE:TAP.A; A-/WatchNeg/--). "The decision to change the CreditWatch status to developing from positive follows today's announcement by St. Paul of a $350 million pretax charge to strengthen reserves for its health care business,

  
Brief Excerpt:

RESEARCH St. Paul Cos. Inc. Status Revised to CreditWatch Developing From CreditWatch Positive Publication date: 23-Jan-2004 NEW YORK (Standard & Poor's) Jan. 23, 2004--Standard & Poor's Ratings Services said today that it revised its...

  
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:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "St. Paul Cos. Inc. Status Revised to CreditWatch Developing From CreditWatch Positive" Jan 23, 2004. Alacra Store. May 05, 2025. <http://www.alacrastore.com/s-and-p-credit-research/St-Paul-Cos-Inc-Status-Revised-to-CreditWatch-Developing-From-CreditWatch-Positive-356002>
  
APA:
S&P Global Ratings’ Credit Research. (). St. Paul Cos. Inc. Status Revised to CreditWatch Developing From CreditWatch Positive Jan 23, 2004. New York, NY: Alacra Store. Retrieved May 05, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/St-Paul-Cos-Inc-Status-Revised-to-CreditWatch-Developing-From-CreditWatch-Positive-356002>
  
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