Standard & Poor's (S&P) said today it assigned an 'AAA' long-term insurer financial strength rating to London-based corporate member Ascot Corporate Name Ltd.

The outlook is stable.

The ratings agency said it expects the guarantee to provide additional assurance that all valid claims made by policyholders insured under policies on behalf of Lloyd's Ascot Underwriting - Syndicate 1414 are honoured.

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