NU Online News Service Oct. 1, 11:07 a.m.EDT

has raised its outlook of SCOR SE to "positive" from "stable,"citing the "positive momentum in SCOR's financial profile."

S&P's "A" rating remains unchanged.

According to the rating agency, the outlook revision "mainlystems from the group's improved earnings, strong capitalization,and a strong enterprise risk management (ERM) program."

S&P had previously upgraded SCOR SE's rating to "A" on March13, 2009, before upgrading the Group's Enterprise Risk Management(ERM) rating from "Adequate" to "Strong" on Sept. 4, 2009.

Denis Kessler, chairman and chief executive officer ofParis-based SCOR, said, "We are pleased with this decision byS&P, which follows on from SCOR rating positive movement byFitch and AM Best over the past weeks."

He continued, "Over the last few years, and despite anexceptionally serious economic and financial crisis, SCOR hasstrengthened its growth, profitability and solvency."

Fitch raised the outlook on the "A" rating of SCOR SE and itsmain subsidiaries from "stable" to "positive," Aug. 24, 2010, andAMBest upgraded the Insurer Financial Strength rating of SCOR SEand its main subsidiaries from "A-minus" to "A" Sept. 10, 2010.

Fitch pointed to SCOR's conservative investment policy, reduceddebt leverage and continued strong capital adequacy amid volatilefinancial markets and a less favorable claims environment asreasons for the improved outlook.