Standard & Poor's has raised Skandia's credit rating to A from BBB.
The ratings agency has also removed the rating from Creditwatch, where it was placed on 30 July 2002. The outlook is negative.
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Standard & Poor's has raised Skandia's credit rating to A from BBB.
The ratings agency has also removed the rating from Creditwatch, where it was placed on 30 July 2002. The outlook is negative.
The upgrade follows the announcement that Skandia has transferred the assets and liabilities of its subsidiary Skandia Link into the parent company.
A Standard & Poor's spokesman said: "The upgrade reflects the reclassification of Skandia to a core operating company from a holding company."
