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NEW YORK--(BUSINESS WIRE)--April 1, 2003--Standard & Poor's Ratings Services said today that it withdrew its 'A' counterparty credit and financial strength ratings on California Insurance Co. due to the company's sale by its immediate parent, Coregis Group Inc. All outstanding policyholder liabilities at the time of sale were ceded to Coregis Insurance Co., which is rated 'A' for financial strength.
Published on April 1, 2003
Complete ratings information is available to subscribers of RatingsDirect, Standard & Poor's Web-based credit analysis system, at www.ratingsdirect.com. All ratings affected by this rating action can be found on Standard & Poor's public Web site at www.standardandpoors.com under Fixed Income in the left navigation bar, select Credit Ratings Actions. Ratings List:
Copyright 2003, Standard & Poor's Ratings Services
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