Majority of global industries have weathered the storms of the past year relatively well
Rating outlook is stable
ESMA is in an advanced state of its assessment for Canada and U.S. regulatory frameworks
A.M. Best cites parent company’s exposure to Europe
Lowered ratings reflect “the high likelihood of default”
U.S. subsidiaries downgraded
Rating agency cites insurers efforts to reduce risk
Outlook remains stable
The problems of 2008 and 2011 are not that different. Have credit-rating agencies learned their lessons this time around?
Outlook stable