Scor: S&P confirms 'AA-' rating
(CercleFinance.com) - Scor says that Standard & Poor's (S&P) has affirmed the financial strength rating of the reinsurer and its main subsidiaries at "AA-, with a stable outlook".
It has also confirmed the group's credit ratings at "AA-/A-1+".
In its report, in particular the rating agency highlights, a "Very strong business risk profile" with "leading franchise in the U.S. Life reinsurance market and a strong position in various significant markets across the globe".
Denis Kessler, Scor's Chairman & Chief Executive Officer of SCOR, comments, "This decision, which clearly demonstrates the soundness of our strategy as a Tier 1 global reinsurer, is an excellent start to our new plan Quantum Leap."
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