A.M. Best Has Placed the A- rating of LG Insurance Company Ltd. Under Review With Negative Implications.Business Editors OLDWICK, N.J.--(BUSINESS WIRE)--Dec. 8, 2000 A.M. Best Co. has placed the A- (Excellent) rating of LG Insurance Company Ltd. under review with negative implications. The rating action is a response to the continued deterioration de·te·ri·o·ra·tion n. The process or condition of becoming worse. in the company's solvency The ability of an individual to pay his or her debts as they mature in the normal and ordinary course of business, or the financial condition of owning property of sufficient value to discharge all of one's debts. solvency n. margin caused by poor performance in the Korean Korean, language of uncertain ancestry. It is thought by some scholars to be akin to Japanese, by others to be a member of the Altaic subfamily of the Ural-Altaic family of languages (see Uralic and Altaic languages), and by still others to be unrelated to any known stock market. During the next week, A.M. Best will review the latest financial figures for LG Insurance and hold discussions with LG's senior management. An appropriate rating action will be taken at the end of the review process. 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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