Moody's upgrades SCOR

Moody's Investors Service said it upgraded the insurance financial strength ratings of SCOR SE and various guaranteed subsidiaries to A1 from A2 and the subordinated debt rating to hybrid A3 from hybrid Baa1.

The outlook is stable.

Moody's said the upgrade reflects SCOR's enhanced franchise strength, consistent good profitability aligned with very low results volatility and very good financial flexibility, while maintaining very good business diversification, a relatively conservative investment portfolio and good capitalization.

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