A.M. Best Assigns Indicative Ratings to AVIVA Plc.OLDWICK, N.J. -- A.M. Best Co. has assigned indicative debt ratings of "bbb+" to the Tier 1 and "a-" to the Tier 2 notes categories to be issued under AVIVA Plc's (United Kingdom) Euro Note Programme. The outlook for both ratings is stable. All other existing ratings for AVIVA and associated companies remain unchanged. The referred programme has a capacity of GBP GBP In currencies, this is the abbreviation for the British Pound. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 5 billion (USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 9 billion). All the notes constitute direct, unsecured and subordinated obligations. The Tier 2 notes rank below any senior debt and above Tier 1 Notes, which, at the same time rank pari passu [Latin, By an equal progress; equably; ratably; without preference.] Used especially to describe creditors who, in marshalling assets, are entitled to receive out of the same fund without any precedence over each other. PARI PASSU. By the same gradation. with AVIVA's Direct Capital Instruments (DCI (Display Control Interface) An Intel/Microsoft programming interface for full-motion video and games in Windows. It allowed applications to take advantage of video accelerator features built into the display adapter. ) issued at the end of 2004. Specific issues under this programme will be given equity credit in the quantitative analysis Quantitative Analysis A security analysis that uses financial information derived from company annual reports and income statements to evaluate an investment decision. Notes: of AVIVA's consolidated risk-based capital assessment in line with A.M. Best's tolerance levels and guidelines. For Best's Ratings, an overview of the rating process and rating methodologies, please visit www.ambest.com/ratings. A.M. Best Co., established in 1899, is the world's oldest and most authoritative insurance rating and information source. For more information, visit A.M. Best's Web site at www.ambest.com. |
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