XL super charge prompts rating downgrades
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XL super charge prompts rating downgrades

19 January 2004
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Bermudian giant XL Capital followed its surprise third quarter $184mn pre-tax reserve charge with a higher than expected $694mn pre-tax charge in the fourth quarter prompting ratings downgrades from Moody’s and Standard & Poor’s (S&P).

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News January 2004/5
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