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S&P shifts insurers’ ratings rule
Standard & Poor’s will change the way it assigns global ratings to insurers, in part to increase the consideration of country risk in the way a company is evaluated, the credit ratings agency said yesterday.
The changes will apply to all insurance lines except bond and mortgage.
In a statement, S&P analysts said the “significant majority” of company ratings would be either unchanged or moved by at most one notch as a result of the new criteria.