All ratings remain under review with negative implications.
The FSR has been downgraded to B (Fair) from B+ (Very Good) and the ICRs have been downgraded to "bb+" from "bbb-" and remain under review with negative implications for the following subsidiaries of Scottish Re Group Limited:
The following debt ratings have been downgraded and remain under review with negative implications:
The following indicative ratings for debt securities under the shelf registration have been downgraded and remain under review with negative implications:
With new office building deliveries scheduled to total 3% to 4% of inventory during 2001, Fitch anticipates that vacancy rates will remain under
pressure throughout the remainder of the year.
The negative rating outlook continues to recognize that, even recapitalized, KTT will remain under
financial pressure in the current difficult operating environment, Standard & Poor's said.