S&P keeps Americo Life on watch

Standard & Poor's said the A- counterparty credit rating on Americo Financial Life & Annuity Insurance Co. and BBB- counterparty credit rating on Americo Life Inc. will remain on CreditWatch, where they were placed on Feb. 26, with negative implications.

The company is developing capital plans that are intended to mitigate rating concerns, according to the agency.

"We had placed the ratings on CreditWatch to reflect our concerns about growing capital pressures at these companies," S&P analyst Timothy W. Clark said in a statement.

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