Scor: Standard & Poor's affirms credit rating

(CercleFinance.com) - Standard & Poor's has afirmed Scor's financial strength rating of "AA-" and its "stable" outlook, acknowledging the group's ability to absorb the shock of the Covid-19 pandemic related crisis.


According to the rating agency, this decision reflects their expectation that SCOR "will maintain capital adequacy above the 'AAA' level under S&P's risk-based model and improve earnings in 2021-2022, with market leading positions in life and P&C reinsurance."

Denis Kessler, Chairman and CEO of Scor, said, "This decision demonstrates the Group's ability to offer its clients an optimum level of security and the resilience of its business model, particularly in the current pandemic crisis. It also clearly reinforces the relevance of our strategy as a global Tier one reinsurer."


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