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XLLIAC

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AcronymDefinition
XLLIACXL Life Insurance and Annuity Company (Illinois)


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Best has downgraded to "a" from "aa-" the rating of the funding agreement-backed securities (FABS) program established by XLLIAC and the debt ratings to "a" from "aa-" on the outstanding notes issued under the program.
Through a recently established $4 billion global medium-term note (GMTN) program, XLLIAC Global Funding, a Delaware statutory trust, may issue various series of notes to certain institutional investors on a private placement basis.
Best considers XLLIAC a core subsidiary of XL Capital, a publicly-traded holding company domiciled in the Cayman Islands, with a market capitalization in excess of $10 billion as of March 31, 2004.
 
 
 
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