S&P: European Insurers To Face More Downgrades
NU Online News Service, May 20, 3:41 p.m. EDT?Standard & Poor's Ratings Services said the European insurance sector is still reeling from financial flexibility and capital adequacy problems, which would lead to ratings downgrades in the coming months.
The New York-based S&P made this forecast in its new report based on 34 debt-issuing European insurers.
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