Fitch revises Ethias to positive

Fitch Ratings said it revised Ethias SA's outlook to positive from stable and affirmed its insurer financial strength rating at BBB+ (good).

The agency also affirmed the company’s long-term issuer default rating at BBB, undated subordinated debt at BB+ and dated subordinated debt at BB+.

Fitch said the outlook revision reflects its view that the likely full repayment of Vitrufin debt and the full disposal of the insurer's capital-intensive individual life portfolio will lead to a strengthening in Ethias' capitalization, profitability and financial flexibility.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.