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Article: DCR Assigns 'D-1+' Commercial Paper Rating to Monumental Life Insurance Company, Reaffirms all other AEGON USA, Inc. Ratings and Withdraws Ratings on Two Merged Entities.
- Article from:
- PR Newswire
- Article date:
- November 30, 1998
CopyrightCOPYRIGHT 1998 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CHICAGO, Nov. 30 /PRNewswire/ -- Duff & Phelps Credit Rating Co. (DCR) has assigned a 'D-1+' (D-One-Plus) commercial paper rating to Monumental Life Insurance Company and reaffirmed all other AEGON USA ratings (see company listing below). Two former Providian subsidiaries, Commonwealth Life Insurance Company and Peoples Security Life Insurance Company, were merged into Monumental Life on November 30, 1998. Their ratings have been withdrawn. The assignment of the commercial paper rating as well as the reaffirmation of AUSA Life Insurance Company's reflects the strong liquidity and asset/liability positions of these companies, which are the primary entities writing ...