S&P gives bbb- stand-alone to Seguros Generales

S&P said it affirmed its BBB- issuer credit rating on Seguros Generales Suramericana SA.

The outlook remains stable.

The agency also assigned a stand-alone credit profile of bbb-.

At the same time, S&P affirmed and then withdrew the BBB- issuer credit ratings on Seguros de Vida Suramericana SA and Seguros de Riesgos Laborales Suramericana SA at the issuer's request.

“We base our ratings on Seguros Generales Suramericana on our view of the Suramericana group's GCP of bbb-, which reflects its strong competitive position and stable capital adequacy going forward,” the agency said in a news release.

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