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S&P Announces: American Skandia Life Assurance Corp. Ratings Raised to ''A+''; Prudential Financial Inc. Ratings Affirmed.

Publication: Business Wire
Publication Date: 13-NOV-03
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Business Editors

NEW YORK--(BUSINESS WIRE)--Nov. 13, 2003

On Nov. 13, 2003, Standard & Poor's Ratings Services raised its counterparty credit and financial strength ratings on American Skandia Life Assurance Corp. (ASL) to 'A+' from 'A'. At the same time, Standard & Poor's affirmed its ratings on Prudential Financial Inc. (NYSE:PRU) and PRU's other domestic operating subsidiaries. The outlook on PRU is stable, and the outlook on PRU's domestic operating companies is positive.

The ratings on ASL were...

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