A.M. Best Co. said Paris-based SCOR and subsidiaries have been helped by the firm's acquisition of reinsurer Converium and the SCOR financial strength rating of A minus (Excellent) and the issuer credit rating of “a minus” have been affirmed.

The Oldwick, N.J.-based rating firm also affirmed the senior debt and subordinated debt either issued or guaranteed by SCOR. The outlook remains stable for all ratings.

Best said the rating actions reflect its expectation that the company will maintain a consolidated risk-adjusted capitalization that supports the current ratings.

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