S&P takes ERC Life off CreditWatch
Standard & Poor's (S&P) has lowered the financial strength rating of ERC Life Reinsurance from A+ (strong) to A- (strong) and removed it from CreditWatch, where it had been since 3 September 2003.
The new rating follows the purchase of 95% of ERC Life by Scottish Re Group last year. S&P has also changed its outlook of ERC Life from negative to positive.Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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