DEVKDeutsche Eisenbahn Versicherung Köln (German insurance)
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16, 2002--Standard & Poor's Ratings Services said today it lowered its public information-based ('pi') counterparty credit and insurer financial strength ratings on Mannheimer Lebensversicherung AG (Mannheimer Leben), DEVK Deutsche Eisenbahn Versicherung Lebensversicherungsverein a.
The ratings on DEVK Leben were lowered to 'BBBpi' from 'Api', mainly due to its weakened risk-adjusted capitalization and earnings.
DEVK Deutsche Eisenbahn Versicherung Lebens AG's insurer financial strength rating was affirmed single-'Api' (strong).