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BUSINESS
September 25, 1991 | From Times Staff and Wire Reports
S&P Downgrades Four Life Insurance Firms: Standard & Poor's Corp., the private ratings agency, downgraded the ability of four life insurance companies to pay claims but said the ratings changes did not mean the solvency of any of the companies was threatened. S&P downgraded the claims-paying ability of New England Mutual Life Insurance Co., Principal Mutual Life Insurance Co., Minnesota Mutual Life Insurance Co., and Northwestern National Life Insurance Co.
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BUSINESS
September 25, 1991 | From Times Staff and Wire Reports
S&P Downgrades Four Life Insurance Firms: Standard & Poor's Corp., the private ratings agency, downgraded the ability of four life insurance companies to pay claims but said the ratings changes did not mean the solvency of any of the companies was threatened. S&P downgraded the claims-paying ability of New England Mutual Life Insurance Co., Principal Mutual Life Insurance Co., Minnesota Mutual Life Insurance Co., and Northwestern National Life Insurance Co.
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BUSINESS
February 18, 1990 | BART ZIEGLER, ASSOCIATED PRESS
Corporate titans and government officials cringe before them. These two Wall Street companies are far from household names, but when they flex their muscles they can influence businesses to sell divisions, lay off employees or slash spending. The companies are the two major credit-rating agencies, Moody's Investors Service Inc. and Standard & Poor's Corp. Several recent events have again demonstrated their power over corporate America.
BUSINESS
February 18, 1990 | BART ZIEGLER, ASSOCIATED PRESS
Corporate titans and government officials cringe before them. These two Wall Street companies are far from household names, but when they flex their muscles they can influence businesses to sell divisions, lay off employees or slash spending. The companies are the two major credit-rating agencies, Moody's Investors Service Inc. and Standard & Poor's Corp. Several recent events have again demonstrated their power over corporate America.
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