North of England P&I club has had its A / stable rating reaffirmed by Standard and Poor’s and gained further tonnage at the annual renewal to reach a total of approximately 70 million GT. Leading ratings agency Standard and Poor’s (S&P) confirmed last week that North of England had retained its ‘A’ financial strength and counterparty credit rating with a stable outlook for the third year running. According to S&P primary credit analyst Marcus Rivaldi, ‘North of England’s operating performance is considered strong when compared with that of most peers and the International Group of P&I Clubs as a whole. Owned tonnage entered in North of England showed a net increase of 1 million GT at the annual renewal yesterday (20 February 2007)…