S&P affirms Das UK's credit rating despite "capital deficiency"
The ratings agency said that the legal expenses insurer's (LEI) capital adequacy weakened due to premium growth and higher retention of business written.
However, S&P noted that Das UK's parent company has plans to inject capital into its UK arm in October 2012.
As a result, the agency said its insurance long-term rating would remain the same.
S&P explained that the ratings also benefited from Das UK's good competitive position in the UK due to its LEI niche and an improved operating performance
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