S&P takes Groupama off CreditWatch
Standard & Poor’s Ratings Services (S&P) has affirmed its ‘A’ (strong) insurer financial strength rating on U.K. non-life insurer Groupama Insurance and removed the company from CreditWatch, where it had been placed on 14 January 2004. The outlook is stable.
The affirmation follows the receipt by Groupama Insurance of a new guarantee from its parent, Groupama S.A. (A/Stable/--), which takes effect retroactively as of 18 December 2003. The guarantee meetsOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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