NU Online News Service, Jan. 28, 2005, 4:20 p.m. EST
A leading rating agency says it expects to downgrade as many life insurance companies as it upgrades this year.[@@]
Standard & Poor’s Ratings Services, New York, says, however, that it expects publicly traded carriers to see more credit rating upgrades than downgrades.
During a joint teleconference with Andrew Kligerman, an analyst with UBS Investment Research, New York, S&P issued a stable outlook for the industry as a whole in 2005.