NEW YORK (Standard&Poor's CreditWire) Feb. 1, 2001--Standard&Poor's today affirmed its ratings on St. Paul Cos. Inc. (SPC) and related entities (see list). Standard&Poor's affirmed these ratings following its annual review of the organization. The affirmations recognize SPC's strong market position, improving earnings outlook, and conservative balance sheet. SPC--through its ownership of the St. Paul Fire and Marine Insurance Co.--is the fifth largest commercial insurer in the U.S. based on net premiums written. Among the company's strengths are its conservative balance sheet and strong franchise. Standard&Poor's believes these strengths place the company in a favorable position compared with the general industry. In that respect, SPC is in a good position to capitalize on
