Article: Standard and Poor's Affirms Ratings of Scottish Annuity & Life Holdings, Ltd. and Subsidiaries.

Business Editors

HAMILTON, Bermuda--(BUSINESS WIRE)--March 5, 2003

Scottish Annuity & Life Holdings, Ltd. (NYSE:SCT) announced today that Standard and Poor's has affirmed its BBB- counter-party credit rating on Scottish Annuity & Life Holdings, Ltd. and affirmed its A- counter-party credit and financial strength ratings on Scottish Annuity & Life Insurance Company (Cayman), Ltd., Scottish Re (U.S.), Inc. and World-Wide Reassurance Company Limited. The complete text of the ratings action may be found on Standard & Poor's Web site http://www.standardandpoors.com.

Scottish Annuity & Life Holdings, Ltd. is a global life reinsurance specialist and ...

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