Standard & Poor's Ratings Services has raised its long-term counterparty credit and insurer financial strength ratings on France-based reinsurer SCOR SE to "A" from "A-minus."
The announcement Friday from S&P's London office cited improved non-life fundamentals and balance sheet resilience as reasons for the upgrade of insurer financial strength ratings of core operating subsidiaries as well as long-term counterparty credit ratings.
The outlook for the SCOR ratings is stable, S&P said.
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