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A.M. Best Company
A.M. Best Revises Rating Outlook of U.S. Life/Health Companies to Negative
October 10th, 2008
The severe dislocation in the capital markets, fueled most recently by the bankruptcy filing of Lehman Brothers Holdings Inc. and liquidity concerns at high-profile financial institutions, such as American International Group, Inc. (New York, NY), has prompted A.M. Best Co. to revise its rating outlook for the U.S. life insurance industry to negative from stable. This means that, in the near to medium term, A.M. Best expects to take more negative rating actions (e.g. downgrades/outlook revisions) than positive rating actions (e.g. upgrades/outlook revisions) for U.S. life, annuity and health companies. Through September 15, life and annuity rating unit downgrades outpaced upgrades by an...
Source: Health Business Week (2008-10-10)
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