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Article: SAIF Assigned 'BBBpi' Financial Strength Rating by S&P.

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PR Newswire
Article date:
September 22, 1998
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NEW YORK, Sept. 22 /PRNewswire/ -- Standard & Poor's today assigned its triple-'Bpi' insurer financial strength rating to SAIF Corp. SAIF Corp. is licensed only in Oregon. The company is a not-for-profit, publicly owned worker's compensation company. SAIF was created by an act of the Oregon legislature to make inexpensive worker's compensation available to Oregon employers. SAIF is the largest worker's compensation writer in the state of Oregon.

The following factors were incorporated in the rating of triple-'Bpi'.

-- Capitalization is extremely strong, as indicated by Standard & Poor's capital adequacy ratio of 250.7%.

-- Profitability is ...

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