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DUFF & PHELPS: CNA FINANCIAL CORP., CONTINENTAL CASUALTY INTERCOMPANY POOL, CONTINENTAL ASSURANCE COMPANY RATING WATCH-UNFAVORABLE

 CHICAGO, Feb. 9 /PRNewswire/ -- Duff & Phelps Credit Rating Co. has placed the AAA' (Triple-A) senior debt rating and the AA+' (Double-A- Plus) money market cumulative preferred rating of the CNA Financial Corporation (CNA) on rating watch with unfavorable implications. In addition, the AAA' (Triple-A) claims paying ability ratings of the Continental Casualty Intercompany Pool and the Continental Assurance Company have been placed on watch with unfavorable implications.
 This action follows CNA's announcement that the Dec. 31, 1992, loss reserves of its Continental Casualty Company subsidiary will be increased by $1.5 billion for asbestos-related bodily injury cases.
 Members of the Continental Casualty Intercompany Pool are as follows: Continental Casualty Company; National Fire Insurance Company of Hartford; American Casualty Company of Reading PA; Transcontinental Insurance Company; Columbia Casualty Company; Valley Forge Insurance Company; Transportation Insurance Company; CNA Casualty of California; and CNA Lloyd's of Texas.
 -0- 2/9/93
 /CONTACT: Timothy A. Bienek, 312-368-3192, or James B. Auden, 312-368-3146, both of Duff & Phelps/
 (CNA)


CO: CNA Financial Corporation ST: IN: INS SU: RTG

SM -- NY083 -- 4790 02/09/93 15:40 EST
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Publication:PR Newswire
Date:Feb 9, 1993
Words:181
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