S&P rates Validus BBB-

Standard & Poor's said it assigned a BBB- counterparty credit rating on Validus Holdings Ltd.

The outlook is stable.

The rating is based on Validus' good competitive position, diversification and scope following the acquisition of Talbot, strong capitalization, strong risk controls around exposure management and very strong operating performance since inception, according to S&P.

Partially offsetting these strengths are the company's adequate strategic risk management practices, the possibility of significant earnings volatility and some remaining integration and execution risks associated with the acquisition of Talbot Holdings Ltd., the agency said.

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