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COPYRIGHT 2002 Business Wire
Business Editors
July 1, 2002--Standard & Poor's today assigned its triple-'B'-minus financial strength and long-term counterparty credit ratings to Japan-based Nisshin Fire & Marine Insurance Co. Ltd. The outlook on the long-term rating is negative.
"The rating on Nisshin Fire is based on the company's strong capitalization, drastic cost reductions, and ongoing asset restructuring," said Kai Nakajima, a credit analyst at Standard & Poor's...
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