Novae receives rating
Novae Group plc is pleased to announce that it has been informed by a rating agency that the operating and business plans of its new FSA-regulated insurance company subsidiary, Novae Insurance Company Limited, meet the standards of an indicative Financial Strength Rating of A-.
The indicative rating is conditional on NICL supplying written confirmation that the planned capital has been contributed to the company by the Group.NICL will commence trading on 1st July 2006.
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