S&P Announces: Nippon Life Insurance Co. of America 'BBB+' Ratings Affirmed Then Withdrawn.Business Editors NEW YORK--(BUSINESS WIRE)--March 2, 2004 On March 2, 2004, Standard & Poor's Ratings Services Ratings Service A company, such as Moody's or Standard & Poor's, that rates various debt and preferred stock issues for safety of payment of principal, interest, or dividends. affirmed af·firm v. af·firmed, af·firm·ing, af·firms v.tr. 1. To declare positively or firmly; maintain to be true. 2. To support or uphold the validity of; confirm. v.intr. its 'BBB+' counterparty Counterparty The other participant, including intermediaries, in a swap or contract. credit and financial strength ratings on Nippon Life Insurance Co. of America (NLIA NLIA Native Language Internet Address NLIA Nuclear Labeling Index Analysis NLIA North Lawrence Improvement Association NLIA Newfoundland and Labrador Institute of Agrologists NLIA Northern Lights Impala Association ). Standard & Poor's subsequently withdrew the ratings at the company's request. The ratings reflected NLIA's extremely strong capitalization and liquidity, adequate top-line growth, high-quality investment portfolio, and parental support. These positive factors are offset by NLIA's challenge to improve its profitability as well as the limited competitive advantage in its target business lines.
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Nippon Life Insurance Co. of America
Counterparty credit rating NR BBB+/Stable/--
Financial strength rating NR BBB+/Stable
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