Standard & Poor's has cut the financial strength and counterparty credit rating of Australian-listed...
Standard & Poor's has cut the financial strength and counterparty credit rating of Australian-listed AMP's UK subsidiaries Pearl Assurance and NPI. Pearl was downgraded from an AA- to an A rating, while NPI was downgraded from AA- to A+. S&P said the downgrade has been implemented because it believes successful restructuring of AMP's UK operations would be challenging in the current environment.
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From 6 April 2019