Life Insurance Company of Virginia maintains a favorable liquidity position as operating cash flow, investment-grade bonds
and short-term investments totaled $5.
The company's liquidity is supported by substantial operating cash flow and over $24 billion of investment-grade bonds
and short-term securities held at year-end 1991.
life insurers took a beating from corporate credit defaults in 2002, with the deterioration in investment-grade bonds
(which make up about two-thirds of the industry's total investment portfolio) surpassing even Enron-tainted 2001.
7, 2003--Standard & Poor's has released a CDO Manager Focus report for Conning Asset Management's Investment-Grade Bonds
CNA maintains a strong liquidity position as operating cash flow, investment-grade bonds
, cash and short-term investments totaled $3.
Strong operating cash flow, combined with investment-grade bonds
, cash and short-term holdings totaling $12.
Below investment-grade bonds
, in particular, are appealing given the current interest rate environment.
Over 85 percent of the group's assets are invested in investment-grade bonds
Over 60 percent of the company's assets are conservatively invested in investment-grade bonds
and the balance of the investment portfolio is invested in high-quality equities.
In contrast to the negative activity of last year, a significant number of first quarter downgrades were directly related to real estate performance-and many were initiated on investment-grade bonds
, according to Standard & Poor's Ratings Services' most recent Structured Finance Global Ratings Roundup Quarterly.
Over 70 percent of the company's assets comprise single A or better investment-grade bonds
At the same time, an increase in lowered ratings on investment-grade corporate obligors during the second half of the year played a significant role in stressing the ratings of CBO transactions collateralized by investment-grade bonds
, as noted in the article, "U.