Insurance Post

S&P reaffirms Ageas rating

Mark Cliff is Ageas retail and distribution chief executive

Standard & Poor’s has affirmed Ageas Insurance’s BBB pi rating, ahead of the planned cessation of pi ratings in its various global territories.

On 30th September 2014 S&P confirming AIL's consistent and continuing BBBpi rating and also revised upwards the company's rating anchor to BBB+.

It said the rating reflected S&P's view of AIL's satisfactory business risk profile and upper adequate financial risk profile.

A pi rating is usually refreshed each year but S&P has now made the strategic decision to discontinue pi ratings in its various global territories.

The insurer said it welcomed Standard & Poor's affirmation of a BBB pi rating for Ageas Insurance and was undertaking a review with ratings agencies to secure an interactive rating in 2015.

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