S&P: Loews positive

Standard & Poor's said that it revised its outlook on Loews Corp. to positive from stable and affirmed its A counterparty credit rating on the company.

The rating reflects the view that Loews will sustain very strong capital, liquidity, cash flows and earnings, as well as its significantly large and diversified portfolio of subsidiary businesses, S&P said.

The rating is constrained by the small size of the company's management team and a history of volatile performance, the agency said.

The outlook revision is based on the view that Loews will continue to maintain very strong liquidity while continuing to receive a combination of significant dividends and investment income well in excess of debt-servicing and other holding-company needs, S&P said.

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