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Article: S&P Rates ERGO's Main Insurance Operating Units 'AAA'.
- Article from:
- PR Newswire
- Article date:
- March 26, 2001
CopyrightCOPYRIGHT 2001 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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NEW YORK, March 26, /PRNewswire/ --
Standard & Poor's today assigned its triple-'A' counterparty credit and insurer financial strength ratings to the main operating entities of the Germany-based ERGO insurance group: Victoria Lebensversicherung AG, Victoria Versicherung AG, Hamburg-Mannheimer Versicherungs AG, Hamburg Mannheimer Sachversicherungs AG, and DKV Deutsche Krankenversicherung AG. At the same time, Standard & Poor's assigned its double-'A'-plus counterparty credit rating to the group's holding company, ERGO Versicherungsgruppe AG. The outlook is stable.
The gap of one notch in comparison with the operating companies is less than the standard ...