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DUFF & PHELPS RATES CNA FINANCIAL CORPORATION, CONTINENTAL CASUALTY INTERCOMPANY POOL AND CONTINENTAL ASSURANCE COMPANY

 CHICAGO, May 20 /PRNewswire/ -- Duff & Phelps Credit Rating Co. has reaffirmed the senior debt rating of CNA Financial Corporation (CNA) at `AA' (Double-A) and the preferred stock rating of CNA at `AA-' (Double- A-Minus). The claims paying ability rating of the Continental Casualty Intercompany Pool has been reaffirmed at `AA+' (Double-A-Plus) and the claims paying ability rating of Continental Assurance Company at `AAA' (Triple-A). $400 million in debt and $150 million in preferred stock is impacted by this rating action.
 CNA is one of the largest publicly owned multiple line insurance companies in the United States with $36.6 billion in assets at year end 1992. CNA is the parent company of Continental Casualty Company, which along with its affiliates underwrite commercial and personal lines property casualty business through independent agents and brokers. Continental Assurance Company is a wholly owned subsidiary of Continental Casualty Company. Continental Assurance Company writes individual life and group insurance products.
 Members of the Continental Casualty Intercompany Pool are: 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- 5/20/93
 /CONTACT: Timothy A. Bienek, 312-368-3192 or James B. Auden, CFA, 312-368-3146, both of Duff & Phelps Credit Rating Co./
 (CNA)


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

WB -- NY075 -- 0793 05/20/93 13:04 EDT
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Publication:PR Newswire
Date:May 20, 1993
Words:241
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