Kansas City Life Insurance’s Ratings on an intersection of A + - S & P
Standard & Poor’s Ratings Services has lowered its counterparty credit and financial rating to Kansas City Life Insurance Co. and its core competencies unit Sunset Life Insurance Co. of America - collectively KCL - ‘A’ from ‘A +’.
The changes rating on the basis of the company down and the competitive position of the increased risk profile, S & P said.
S & P lowered its counterparty credit and financial rating on the final cost KCL subsidiary, Old American Insurance Co., as strategically important, “A-” from “A”. The outlook for companies is stable.
In recent years, KCL is a lack of consistency revenue growth in the centre of business life and retirement contracts branches enough repurchases under its closed blocks of the economy, S & P said.
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