S&P Rates Employers Re

NU Online News Service, May 29, 4:20 p.m. EST?Standard & Poor's in New York announced that it lowered the financial strength and credit ratings of Employers Re Corp. to "double-A-plus" from "triple-A" this afternoon.

Both S&P and Employers Re separately clarified that the rating downgrade is the result of a new group rating methodology adopted by S&P in late April.

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