Standard & Poor’s has withdrawn its public information (pi) counterparty credit and financial strength ratings on various insurance companies because of a decision to refocus analytical research resources.
“Specifically, in those insurance sectors where Standard & Poor’s already provides significant coverage through its full, interactive rating process, Standard & Poor’s will withdraw many – or, in some cases, all – of its pi ratings,” credit analyst Tom Taillon commented.
In accordance with Standard & Poor’s surveillance standards, the ratings were lowered for various analytical reasons before their withdrawal based on the most recently available public information.
Was this article valuable?
Here are more articles you may enjoy.
Florida Needs More – Much More – Wind Mitigation, Say Experts at OIR Summit 
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 
Ex-CEO, Ex-CFO of Bankrupt AI Company Charged With Fraud 
