Standard & Poor's Ratings Services ..

Standard & Poor's Ratings Services said its 'A' long-term insurer financial strength rating on Groupama remained on 'credit watch' with negative implications pending receipt of a new guarantee from Groupama SA. Upon receipt, Standard & Poor's is expected to affirm the rating with a stable outlook, and remove Groupama from 'credit watch'. It was placed on 'credit watch' following the announcement that the previous guarantee was to be terminated.