Fitch affirms Bradesco Seguros

Fitch Ratings said it has affirmed the respective International and national insurer financial strength ratings of BBB+ and AAA(bra) for Bradesco Seguros SA.

The outlook for both remains stable.

According to the agency, the affirmation reflects the financial strength and maintenance of the strong support of the shareholder, Banco Bradesco SA (long-term local currency issuer default rating BBB+, long-term foreign currency issuer default rating BBB, national long-term rating AAA(bra)).

Fitch said it also reflects the strategic relevance of insurance operations for continuous development of the franchise.

© 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.