STOCKHOLM, Sweden, Nov. 27, 2002 (PRIMEZONE) -- Standard & Poor's has today issued a press release affirming the A-minus group ratings for If. Standard & Poor's recognise If's strong business position and strong financial flexibility.
Comment from Torbjorn Magnusson, CEO:
"We welcome the affirmation by Standard & Poor's, as our aim is to maintain an A-rating.
"During this year, If's core operating performance has improved, as noted by the rating agency.
"Our insurance result has gradually turned positive, and we will continue our work to achieve further improvements, while maintaining our strong customer focus."
Investor relations: Elisabeth Wisen, phone: +46 8 788 24 28
Media: Helena Dyrssen, phone: +46 8 788 23 35 or +46 70 529 2335
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