The counterparty credit rating and financial strength rating (FSR) on Lyndon Property Insurance Co. were removed from CreditWatch, where they were placed by S&P on Oct. 22, 1999, subsequent to the announcement of Lyndon’s acquisition by Protective Life Corp. In addition, the ratings were raised from “A” to “AA.”
The rating action followed S&P’s review of Protective Life’s plans for Lyndon, which resulted in S&P’s view that Lyndon is strategically important to Protective Life.
Topics Property
Was this article valuable?
Here are more articles you may enjoy.
Business Interruption Claims Arising From the Middle East Conflict 
State Farm Agrees to $15M Settlement for Underpaid Vehicle Claims 
State High Court Weighs in on Woman Taken for Organ Donation But Was Still Alive 
Three Sentenced in Bear-Suit Attacks Insurance Fraud Case From This Issue
