Standard & Poor's Ratings Services has commented on the CreditWatch status of the credit insurance group Gerling NCM Credit and Finance AG (collectively Gerling NCM).
The 'A' long-term counterparty credit and insurer financial strength ratings on Gerling NCM remain on CreditWatch with negative implications. These ratings were originally placed on CreditWatch with developing implications on Dec. 20, 2002; the implications were subsequently revised to negative on Feb. 3, 2003.
In addition, the 'BB+' long-term counterparty credit and insurer financial strength ratings on Germany-based Gerling-Konzern Allgemeine Versicherungs-AG (GKA) and Gerling-Konzern Lebensversicherungs-AG (GKL) remain on CreditWatch with developing implications, where they were placed on Oct. 29, 2002.
