Erie Insurance Co. Assigned 'AApi' Rating by S&P
Ratings denoted with a 'pi' subscript are insurer financial strength ratings based on an analysis of published financial information and additional information in the public domain. The ratings do not reflect in-depth meetings with an insurer's management nor do they incorporate material nonpublic information, and are therefore based on less comprehensive information than ratings without a pi subscript. Pi ratings are reviewed annually based on a new year's financial statements, but may be reviewed on an interim basis if a major event that may affect an insurer's financial security occurs.
The pi rating process covers U.S. insurers to which Standard & Poor's previously assigned quantitative ('q') ratings, and may include information beyond that used to derive the previous quantitative-only ratings. Pi ratings are not modified with 'plus' or 'minus' designations, nor are they subject to potential CreditWatch listings, Standard & Poor's said. -- CreditWire
SOURCE Standard & Poor's CreditWire
/CONTACT: Maria G. Carvo, 208-1938, or James Kane, 208-8438, both of Standard & Poor's CreditWire/
/Company News On-Call: http://www.prnewswire.com or fax, 800-758-5804, ext. 121503/
CO: Erie Insurance Exchange ST: New York IN: INS SU: RTG
ES -- NYSP013 -- 1663 08/04/98 12:59 EDT http://www.prnewswire.com