General Insurance Article - S & P's has revised the ratings of some European insurers

 
 They comment "On 13th January, we lowered the ratings on nine and affirmed the ratings on seven of the 17 eurozone member governments. We removed all sovereign ratings from CreditWatch negative.
 As a result, we are lowering the ratings on Mapfre Group, Millenniumbcp-Ageas Group, and Allianz SpA by two notches; and Caisse Centrale de Reassurance (CCR) and Nacional de Reaseguros S.A. (Nacional) by one notch. We are removing these ratings from CreditWatch negative.
 We are also lowering the ratings Cattolica, Generali (except for Deutsche Bausparkasse Badenia AG), and Unipol by one notch. We are keeping them on CreditWatch negative, except for Generali USA Life Reassurance Co., which has a stable outlook.
 Finally, we are affirming the ratings on five Irish operating insurers and two Slovenian operating insurers".

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