December 15, 2010 at 16:03 PM EST
(L) Loews Earns Standard & Poor’s Ratings Services Upgrade
Standard & Poor’s Ratings Services (S&P) upgraded the outlook on Loews Corporation (L) to “positive” from “stable”. The rating agency also affirmed the investment-grade counterparty credit rating of “A”. Based on Loews’ strength of cash flows coupled with solid earnings to service debt as well as meet financial obligations, the rating agency raised the outlook. [...] (L) Loews Earns Standard & Poor’s Ratings Services Upgrade
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