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Article: S&P Places Tokio Marine, Nichido Fire on Watch Neg.
- Article from:
- PR Newswire
- Article date:
- November 14, 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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TOKYO, Nov. 14 /PRNewswire/ --
Standard & Poor's today placed its double-'A'-plus insurer financial strength and counterparty credit ratings on Tokio Marine & Fire Insurance Co. Ltd. and its related entities on CreditWatch with negative implications. At the same time, Standard & Poor's today placed its double-'A' insurer financial strength and counterparty credit ratings on Nichido Fire & Marine Insurance Co. Ltd. on CreditWatch with negative implications.
The CreditWatch placements follow Tokio Marine's announcement yesterday that it has agreed to enter discussions on providing various types of financial and business support to Asahi Mutual Life ...