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COPYRIGHT 2003 Asia Pulse Pty Ltd
SYDNEY, May 30 Asia Pulse - Standard & Poor's Ratings Services said today it has dropped its insurer financial strength and long-term counterparty credit ratings on various Australian and New Zealand subsidiaries of Tower Ltd to BBB-plus from A-minus.
It also has removed the ratings from CreditWatch.
S&P said that in addition, the BBB-minus long-term and A-3 short-term credit ratings on Tower Ltd, Tower Financial Services...
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