Standard & Poor's upgrades Groupama Insurances to BB
Ratings agency Standard & Poor's has upgraded Groupama Insurances to a financial strength of BB on credit watch with positive implications, and expects to boost the rating to BBB in Q4.
S&P upgraded the UK arm owing to its acquisition by Ageas UK.
An S&P statement read: "The credit watch placement reflects our expectation that, once the acquisition has officially completed, the
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