RSA update: US sale news prompts ratings rethink
Moody's Investors Service today placed the European ratings of the Royal & Sun Alliance Group on review for possible upgrade following the group's announcement that it intends to sell its US operations to Arrowpoint Capital for a deferred consideration of £158m (US$300m).
Ratings affected are the Baa1 insurance financial strength ratings ("IFSRs") of Royal & Sun Alliance Insurance plc and the Group's Scandinavian subsidiaries as well as all of the debt ratings of Royal
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