S&P takes Lloyd’s off negative watch
Standard & Poor's has affirmed its 'A' long-term insurer financial strength rating on the UK-based Lloyd's insurance market and its 'A' long-term counterparty credit rating and 'BBB+' long-term junior subordinated debt rating on The Society of Lloyd's. The ratings were removed from CreditWatch, where they had been placed with negative implications on Sept. 9, 2005. The outlook is stable.
"Resolution of the CreditWatch placement follows a meeting with Lloyd's management, as a result of which we are satisfied that the Market's losses stemming from the 2005 hurricane season will be
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