Assurant shares could double-Barron's
NEW YORK, June 25 Insurer Assurant Inc's shares could double because it is emphasizing fee-based businesses while lowering its exposure to its riskier underwriting business, according to a report in Barron's.
Dec 6 - Standard & Poor's Ratings Services said today it assigned its 'cnAA+' issue rating on the Chinese national scale to Banco Santander-Chile S.A.'s (BSCh; A/Negative/A-1) Chinese Renminbi (CNY) 500 million 3.75% senior unsecured fixed notes due Nov. 26, 2014. The notes are rated 'A' in Standard & Poor's global scale. For more information and a complete credit rating rationale on BSCh, please see "Banco Santander-Chile S.A. 'A/A-1' Ratings Affirmed; Long-Term Rating Outlook Revised To Negative," published July 13, 2012, and "Banco Santander-Chile S.A.'s CNY500 Million Rated 'A'," published Dec. 5, 2012. RELATED CRITERIA AND RESEARCH -- Credit FAQ: China Credit Spotlight: Greater China Regional Scale Explained, Aug. 29, 2012 -- Banks: Rating Methodology And Assumptions, Nov. 9, 2011 -- Banking Industry Country Risk Assessment Methodology and Assumptions, Nov. 9, 2011 -- Group Rating Methodology And Assumptions, Nov. 9, 2011 RATINGS LIST Banco Santander-Chile S.A. Issuer credit rating A/Negative/A-1 Rating Assigned Banco Santander-Chile S.A. CNY500M 3.75% sr unsec fixed notes due 2014 cnAA+ Complete ratings information is available to subscribers of RatingsDirect on the Global Credit Portal at www.globalcreditportal.com. All ratings affected by this rating action can be found on Standard & Poor's public Web site at www.standardandpoors.com. Use the Ratings search box located in the left column.
June 25 Nestle SA, is being targeted by activist investor Daniel Loeb's hedge fund Third Point LLC, Bloomberg reported, citing people familiar with the matter.