S&P upgrades Zurich Insurance's rating
S&P Global Ratings has upgraded the long-term financial strength and credit ratings of Zurich Insurance and its main subsidiaries from " AA- " to " AA ".
The agency has also upgraded the rating of the group's Australian subsidiary, Australian Insurance, from "A+" to "AA-".
S&P recognizes the soundness of the Swiss group's financial performance.
The outlook has been downgraded by one notch from positive to stable. S&P expects Zurich Insurance to continue to generate solid profits while maintaining a strong capital and a healthy balance sheet.
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Wed, 17/03/2021 - 16:23
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