XL placed on negative creditwatch by S&P: report
Credit ratings agency Standard & Poor's has placed XL Capital on negative credit watch because of uncertainty surrounding reinsurance and agreements with bond insurer Security Capital Assurance Ltd, a report from the Associated Press has said.
XL Capital is currently rated "A-" by S&P. S&P placed the rating on negative watch because of XL Capital's relationship with Security Capital Assurance, a bond insurer that was spun off from XL
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