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	<title>Stock Blog Hub &#187; XL Capital Ltd.</title>
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		<title>(XL) XL Capital Credit Rating Strength Reaffirmed</title>
		<link>http://www.stockbloghub.com/2009/09/10/xl-xl-capital-credit-rating-strength-reaffirmed/14830</link>
		<comments>http://www.stockbloghub.com/2009/09/10/xl-xl-capital-credit-rating-strength-reaffirmed/14830#comments</comments>
		<pubDate>Thu, 10 Sep 2009 22:12:06 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Property & Casualty Insurance]]></category>
		<category><![CDATA[XL]]></category>
		<category><![CDATA[XL Capital Ltd.]]></category>

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		<description><![CDATA[XL Capital Group’s (XL) financial strength rating [FSR] of “A&#8221; (Excellent) and issuer credit ratings (ICR) of “a&#8221; were reaffirmed today by the rating agency A.M. Best. The outlook for all ratings is “stable&#8221;. The rating reaffirmation is followed by XL’s efforts to restructure its investment portfolio by settling with Syncora Holdings. The company had a disappointing run last year, dragged down by structured-finance losses recorded by Syncora Capital, a bond insurer, of which it was the majority owner. Last October, XL severed its ties with Syncora, a big step in setting a track to recovery. On a year-to-date basis, XL has reduced its exposure to more volatile asset classes by $3.5 billion. XL also implemented expense reduction initiatives in the second half of 2008. It has been streamlining processes ]]></description>
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