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S&P affirms Triple-S Salud
S&P said it affirmed its BBB+ long-term issuer credit rating on Triple-S Salud Inc. and removed the ratings from CreditWatch negative.
The outlook is negative.
The agency said the actions reflect a view that Triple-S Management Corp. and subsidiary Triple-S Salud have sufficient reinsurance coverage and capital adequacy to absorb the remaining financial impact of Hurricanes Irma and Maria.
“We believe the company should also be well protected going forward, as it renewed its reinsurance coverage effective April 2018 for another 12 months, with stronger protection terms,” S&P said in a news release.
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