The counterparty credit rating and financial strength rating (FSR) on Lyndon Property Insurance Co. were removed from CreditWatch, where they were placed by S&P on Oct. 22, 1999, subsequent to the announcement of Lyndon’s acquisition by Protective Life Corp. In addition, the ratings were raised from “A” to “AA.”
The rating action followed S&P’s review of Protective Life’s plans for Lyndon, which resulted in S&P’s view that Lyndon is strategically important to Protective Life.
Topics Property
Was this article valuable?
Here are more articles you may enjoy.
Palm Beach Billionaires Feud Over Who’s Really Protecting the Everglades 
Four Georgia Troopers Fired in Vehicle Pursuit-Insurance Scheme 
Hedge Fund Money Is Reshaping a 180-Year-Old Insurance Model 
Business Interruption Claims Arising From the Middle East Conflict From This Issue
