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year=2010;
month=3;
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event_date=2010-03-17 13:34:16;
sort_date=40254.565463;
Claims Journal - Mar 17, 2010Middle East Insurance Co. (MEIN)
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David Anthony
at
S&P Credit ResearchStandard & Poor's Ratings Services has lowered its long term counterparty credit and insurer financial strength ratings on Jordan based
Middle East Insurance Company (MEICO) to 'BBB ' from 'BBB'. The outlook is stable. The rating action follows the "downgrade on , 2010, of the long term local currency sovereign credit rating on the Hashemite Kingdom of Jordan (for more information, see "Hashemite Kingdom of Jordan Long Term LC Rating Lowered To 'BBB '; Long Term FC Rating Affirmed At 'BB'; Outlook Stable," published on RatingsDirect)," S&P explained.
"In our opinion, a microeconomic analysis of MEICO still reveals good and potentially improving business and financial profiles," explained credit analyst David Anthony.
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Standard & Poor's Ratings Services has lowered its long term counterparty credit and insurer financial strength ratings on Jordan based <span class="company">Middle East Insurance Company</span> (MEICO) to 'BBB ' from 'BBB'. The outlook is stable. The rating action follows the "downgrade on , 2010, of the long term local currency sovereign credit rating on the Hashemite Kingdom of Jordan (for more information, see "Hashemite Kingdom of Jordan Long Term LC Rating Lowered To 'BBB '; Long Term FC Rating Affirmed At 'BB'; Outlook Stable," published on RatingsDirect)," S&P explained.<span class="sent"> "In our opinion, a microeconomic analysis of MEICO still reveals good and potentially improving business and financial profiles," explained credit analyst <span class="analyst">David Anthony</span>.</span>...Standard & Poor's Ratings Services has lowered its long term counterparty credit and insurer financial strength ratings on Jordan based <span class="company">Middle East Insurance Company</span> (MEICO) to 'BBB ' from 'BBB'. The outlook is stable. The rating action follows the "downgrade on , 2010, of the long term local currency sovereign credit rating on the Hashemite Kingdom of Jordan (for more information, see "Hashemite Kingdom of Jordan Long Term LC Rating Lowered To 'BBB '; Long Term FC Rating Affirmed At 'BB'; Outlook Stable," published on RatingsDirect)," S&P explained.<span class="sent"> "In our opinion, a microeconomic analysis of MEICO still reveals good and potentially improving business and finan
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event_date=2010-03-17 13:19:25;
sort_date=40254.555150;
event_date=2010-03-17 08:41:27;
sort_date=40254.362118;
Citywire - Personal Investor Edition - Markets, Companies and Funds - Mar 17, 2010The Royal Bank of Scotland Group plc (RBS)
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Nigel Greenwood
at
S&P Credit ResearchLloyds and
Royal Bank of Scotland remain vulnerable to a near term relapse in credit conditions and funding markets, Standard & Poor's has warned, adding to fears the pair will struggle to refinance at low interest rates. 'We consider that UK banks will remain pressured by elevated loan impairments.
We consider that the weak UK economy will continue to hinder the credit profile of the U. K banking industry,' said S&P's credit analyst Nigel Greenwood in a report entitled Major UK banks' results show clear difference in performance, but our rating concerns are uniform.
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Lloyds and <span class="company">Royal Bank of Scotland</span> remain vulnerable to a near term relapse in credit conditions and funding markets, Standard & Poor's has warned, adding to fears the pair will struggle to refinance at low interest rates. 'We consider that UK banks will remain pressured by elevated loan impairments.<span class="sent"> We consider that the weak UK economy will continue to hinder the credit profile of the U. K banking industry,' said S&P's credit analyst <span class="analyst">Nigel Greenwood</span> in a report entitled Major UK banks' results show clear difference in performance, but our rating concerns are uniform.</span>...Lloyds and <span class="company">Royal Bank of Scotland</span> remain vulnerable to a near term relapse in credit conditions and funding markets, Standard & Poor's has warned, adding to fears the pair will struggle to refinance at low interest rates. 'We consider that UK banks will remain pressured by elevated loan impairments.<span class="sent"> We consider that the weak UK economy will continue to hinder the credit profile of the U. K banking industry,' said S&P's credit analyst <span class="analyst">Nigel Greenwood</span> in a report entitled Major UK banks' results show clear difference in performance, but our rating concerns are uniform.</span>...<span class="sent">We consider that the weak UK economy will continue to hinder the credit profile of the
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event_date=2010-03-16 13:59:37;
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event_date=2010-03-16 13:59:36;
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event_date=2010-03-16 13:12:54;
sort_date=40253.550625;