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S&P raises Validus credit rating
25 August 2010
S&P has raised its counterparty credit rating on Validus Holdings and assigned counterparty credit and financial strength ratings to Validus' reinsurance subsidiary, Validus Reinsurance.
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standard &poor's
S&P
validus
Rating agency Standard & Poor's has raised its counterparty credit rating on Validus Holdings to BBB from BBB- and assigned A- counterparty credit and financial strength ratings to Validus' reinsurance subsidiary, Validus Reinsurance. The outlook on both of these entities is stable.
"The upgrade reflects Validus' successful integration and retention of the profitable portions of IPC's...
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