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Article: S&P Rates Royal Nederland Group 'AA-'; Outlook Stable.
- Article from:
- PR Newswire
- Article date:
- May 31, 2000
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LONDON, May 31 /PRNewswire/ --
Standard & Poor's today assigned its double-'A'-minus long-term counterparty credit and insurer financial strength ratings to Royal Nederland Levenverzekering N.V., Royal Nederland Schadeverzekering N.V., and London & Lancashire Verzekering Maatschappij N.V. The companies are core members of the Royal Nederland group. The outlook is stable.
The rating reflects the companies' strategic importance to France-based AGF -- Assurances Generales de France (AA+/Stable/--) and its parent Allianz AG (AAA/Stable/A-1+), extremely strong capitalization, and strong market position in the motor and corporate segment. Offsetting these ...