Fitch revises Beazley’s view to stable

Fitch Ratings said it revised the outlook on Beazley Insurance DAC’s issuer default rating to stable from negative. The agency affirmed the DAC’s issuer rating at A.

Fitch also revised the outlook on parent Beazley plc to stable from negative and affirmed its IDR at A.

“The revision of the outlook to stable from negative reflects our assessment of Beazley’s significantly improved capitalization following a capital raise of approximately $300 million through the issue of new ordinary shares, which was completed on May 19, 2020,” Fitch said in a press release.

© 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.