Moody’s has declared credit rating downturn of the U.S. largest insurer
12 March 2008The situation in the world financial markets remains extremely intense, as there are no distinctness concerning the state of the American economy, and for the present time it is quite difficult to define it.
US Department of Commerce has informed about sharp reduction in a level of new housing construction in December, 2007, and the rating agency Moody’s has declared, that it can lower credit rating of one of the largest US companies in sphere of bonds insurance Ambac Financial, that can cause decrease in a rating of the issued bonds insured by the company.
- The new law on obligatory medical insurance “will strike” on private clinics
- Fitch has confirmed Lloyd`s ratings
- The largest American insurer declared record losses
- QBE has raised the offer on purchase of Insurance Australia Group for 8,3 billion dollars
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