belyaevostapuki.blogspot.com
McKinney-based Torchmark (NYSE: TMK) said it has the capacitu to absorb any reduction in capital andmaintaih “adequate statutory capital” measures. Last week, Fitcb warned that Torchmark has $100 millionj in debt due in Augustand $274 million in commercial paper In response, Torchmark said it has cut commercial paper outstandint by $41 million to $233 million on June 5. Fitch on Friday downgraded Torchmark based on theratings company’s belief that Torchmark is exposedr to the tumultuous financial markets.
Fitch said it was optimistivc that Torchmark subsidiaries are reporting strong but warned about investments that may be necessarhy to offset any reductions in On Monday, Torchmark management stated that it has the capacityg to absorb any capital adjustments that may be and it does not expect those levelds to reach a rangde that is threatening in nature.
No comments:
Post a Comment