Fitch affirms SCOR

Fitch Ratings said it affirmed SCOR SE's insurer financial strength rating at AA- (very strong) and long-term issuer default rating at A+.

The agency also affirmed the ratings of SCOR's core operating subsidiaries.

The outlooks are stable.

Fitch said the affirmation reflects SCOR's very strong business profile within the global reinsurance sector, very strong capitalization and consistent operating results.

The agency added that it views SCOR as a diversified reinsurer able to offer a wide variety of reinsurance products around the globe. In the medium-term, Fitch said it views defense and development of SCOR's market position as dependent on the ability of the reinsurer to increase its share of key markets and reinsurance lines.

© 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.