Hashtag: #StandardPoors

S&P Upgrades ACE Credit Ratings to “AA”

The ACE Group today announced that Standard & Poor’s (S&P) has upgraded the financial strength and counterparty credit ratings for ACE’s core operating insurance companies to “AA-” (Very Strong). The new rating applies to ACE’s core North America, Europe and Bermuda operating companies, which together account for more than 75% of... Read more of this article

S&P Affirms OIL’s Financial Ratings

Standard and Poor’s has affirmed Bermuda-based Oil Insurance Limited (OIL) financial rating of A- “Strong” with a Stable Outlook. “The insurer financial strength rating on the Bermuda-based Oil Insurance Ltd. (OIL) is based on OIL’s very strong claims-paying resources, effective product for satisfying the goals of members’... Read more of this article

XL Comments on S&P Revised Outlook

XL Group commented on today’s [Nov 23] Standard & Poor’s announcement that it has affirmed XL’s ratings and has revised the outlook to “Stable” from “Negative”. Additionally S&P reported that it has changed its assessment of XL’s Enterprise Risk Management to “Strong” from “Adequate”. XL... Read more of this article

S&P Lowers Ratings for Assured Guaranty

Yesterday [Oct 25] Standard & Poor’s Ratings Services cut its credit and financial strength ratings on two subsidiaries of Bermuda-based Assured Guaranty Ltd., saying low demand for insurance among investors and bond issuers could hurt the company’s business. The ratings service lowered its counterparty credit and financial strength... Read more of this article

S&P Raises Bermuda’s Outlook To Stable

Last night credit ratings agency Standards and Poor’s raised the island creditworthiness to stable from negative. Calling our debt level “low although increasing” S&P said: The ratings on Bermuda reflect our assessment of one of the highest income levels among rated sovereigns alongside the government’s low, although increasing,... Read more of this article

S&P Raises Arch’s Ratings To A-Plus

On Thursday (July 29) Standard & Poor’s raised its financial-strength rating of Bermuda-based Arch Capital Group Ltd.’s insurance and reinsurance companies to A+ from A. “The upgrade of Bermuda-based reinsurance holding company Arch Capital and its operating insurance and reinsurance subsidiaries reflects the group’s strong... Read more of this article

Premier Brown Meets With Standards & Poors

Premier Dr. Ewart Brown met with representatives of financial analysts Standards & Poor’s yesterday [May 4] at the Cabinet Building. Representing Standards and Poors was Nikola Swann, Director of Public Finance Sovereign Ratings and Trevor Cullinan Associate Director of Sovereign Ratings. The Premier said: Bermuda’s AA rating is on par with... Read more of this article