S&P points to 'weak management' at RSA following downgrade
Standard & Poor’s has attributed a succession of profit warnings at RSA culminating in the resignation of chief executive Simon Lee for its decision to downgrade its ratings on the company and its core subsidiaries to 'A-' from 'A'.
The ratings agency has claimed that recent events at RSA, which have included a strategic review after financial irregularities were uncovered in its Irish arm, indicate "some weakness in management
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