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S&P Comments on American Skandia Life Assurance Corp.

Publication: Business Wire
Publication Date: 20-MAR-03
Format: Online - approximately 458 words
Delivery: Immediate Online Access

Article Excerpt
Business Editors

NEW YORK--(BUSINESS WIRE)--March 20, 2003

Standard & Poor's--Standard & Poor's Ratings Services commented today on its 'A-' counterparty credit and financial strength ratings on American Skandia Life Assurance Corp. (ASLAC).

These ratings remain on CreditWatch with positive implications, where they were placed on Dec. 20, 2002 following the announcement that Prudential Financial Inc. (Prudential) has agreed to acquire American Skandia Inc. (American Skandia), which is...

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