Fitch Assigns Short-term Issuer to Transamerica Life Insurance; Withdraws Ratings on Transamerica Life Insurance & Annuity.

CHICAGO -- Fitch Ratings Fitch Ratings

An international rating agency for financial institutions, insurance companies, and corporate, sovereign, and municipal debt. Fitch Ratings has headquarters in New York and London and is wholly owned by FIMALAC of Paris. has assigned an 'F1+' short-term IFS rating to Transamerica Life Insurance Company. Fitch fitch: see polecat. has also withdrawn the 'AA+' insurer financial strength ratings and the 'F1+' short-term IFS rating of Transamerica Life Insurance & Annuity annuity: see insurance.

annuity

Payment made at a fixed interval. A common example is the payment received by retirees from their pension plan. There are two main classes of annuities: annuities certain and contingent annuities. Company following its merger into a sister company, Transamerica Life Insurance Company on Oct. 1, 2005.

Fitch assigns an 'F1+' short-term IFS rating to the following:

-- Transamerica Life Insurance Company.

Fitch withdraws the 'AA+' IFS and 'F1+' short-term IFS ratings of the following:

-- Transamerica Life Insurance and Annuity Company.

Fitch's rating definitions and the terms of use Terms of Use are rules set up by the owner of an intellectual property or service to govern how they may be legally used.

In many cases, terms of service are used as a contractual agreement between a company and users of a service they provide. of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures Policies and Procedures are a set of documents that describe an organization's policies for operation and the procedures necessary to fulfill the policies. They are often initiated because of some external requirement, such as environmental compliance or other governmental are also available from the 'Code of Conduct' section of this site.

COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.

Reader Opinion

Article Details
Printer friendly Cite/link Email Feedback
Publication:	Business Wire
Date:	Oct 3, 2005
Words:	148
Previous Article:	Nissan North America Announces Best September Sales; NNA Achieves More than 16% Increase in September Sales Over 2004.
Next Article:	China will, in 2009, Produce 24% of World Electronics (20% in 2004).

Related Articles
Rts Transamerica Asset Funding Corp. I CP Program.
Rts Transamerica Asset Funding Corp. I CP Program.
Fitch Raises Transamerica Finance Corp.'s Commercial Paper Rating.
Fitch Affs AEGON Group, U.S. Operations; Rtg Outlook Remains Negative.
A.M. Best Affirms Ratings of the North American Entities of AEGON; Revises Outlooks to Stable.
Fitch Affirms AEGON Group, U.S. Operations; Outlook to Stable.
Fitch Places Allmerica on Rating Watch Positive; Affirms Property/Casualty Subs 'A-'.
Transamerica Occidental Life Insurance Co.(Insurance Online Network)(Brief Article)
Fitch Affirms AEGON Group, U.S. Operations Ratings; Outlook Stable.
Fitch Affirms AEGON Group, U.S. Operations Ratings; Outlook Stable.