S&P Takes Action on Insurance Groups Following U.S. Sovereign Downgrade - Surety Bond Forums

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08-08-2011, 11:27 PM

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S&P Takes Action on Insurance Groups Following U.S. Sovereign Downgrade

Standard & Poor’s Ratings Services lowered its long-term sovereign credit rating on the United States of America to ‘AA+’ and assigned a negative outlook on Aug. 5, and as a result the rating agency also*took action on 10 U.S.-based insurance …

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