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Article: Standard & Poor's Affirms AA+ Ratings on Scottish Equitable; Outlook Stable.
- Article from:
- PR Newswire
- Article date:
- May 22, 2001
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LONDON, May 22 /PRNewswire/ --
Standard & Poor's today affirmed its double-'A'-plus counterparty credit and insurer financial strength ratings on Scottish Equitable PLC. The outlook is stable.
The ratings primarily reflect the company's strategic importance to the Netherlands-based life insurance group AEGON (the main operating companies of which are rated 'AA+'). The ratings are also based on Scottish Equitable's very strong position in the U.K. independent financial advisor (IFA) pensions market and its strong operating performance. Capitalization is expected to remain consistent with the rating, based on the commitment of AEGON. An offsetting factor ...