Moody's confirms Aval Rural

Moody's Latin America confirmed the A1.ar insurance financial strength rating on the Argentine national-scale of Aval Rural SGR and affirmed the company's B2 global local-currency insurer financial strength rating.

The rating confirmation concludes the review process for a possible upgrade of the insurer financial strength rating on the national-scale initiated on Nov. 10, the agency said.

The outlook is stable.

According to the rating agency, although Aval Rural's financial and business profile have shown some positive improvements in key areas of its financial and business profile like its investment quality and diversification, market presence, and its relatively low degree of delinquencies, the company's rating is currently appropriately positioned on a relative basis at the middle range of the potential outcomes on the Argentine national-scale for a global rating of B2 (the range comprises Aa3.ar, A1.ar and A2.ar).

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