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Article: S&P Revises Equitable Life CreditWatch to Developing.
- Article from:
- Business Wire
- Article date:
- February 5, 2001
CopyrightCOPYRIGHT 2001 Business Wire. 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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Business Editors
LONDON--(BUSINESS WIRE)--(Standard & Poor's)--Feb. 5, 2001
Standard & Poor's today revised the CreditWatch implications on its double-'B' counterparty credit and insurer financial strength ratings on U.K.-based The Equitable Life Assurance Society (Equitable Life) to developing from negative. At the same time, the CreditWatch implications on the triple-'C'-plus subordinated debt rating on related entity Equitable Life Finance PLC (guaranteed by Equitable Life) were similarly revised. This action follows today's announcement that Halifax Group PLC (Halifax; AA-/Stable/A-1+, see separate press release) has agreed to buy the operating ...