ZSL enters transitional phase

In July, Standard & Poor's (S&P) affirmed its 'A' long-term counterparty credit and insurer financial strength ratings on Zurich Specialities London (ZSL). At the same time, the ratings were removed from CreditWatch, and the outlook is now negative.

ZSL is wholly owned by the Switzerland-based Zurich Financial Services group (ZFS; main operating entities are rated A+/Negative/A-1). The CreditWatch resolution and affirmation follows confirmation by ZFS' management that it will continue to

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