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Fitch issues rating for SCOR’s subordinated debt issue

Fitch Ratings has assigned SCOR's proposed undated deeply subordinated debt issue an expected Long-term 'BBB-' (BBB minus) rating. The amount issued is expected to be of around €350m. SCOR is the mother company of the SCOR group.

The final rating is contingent upon receipt of final documents conforming to information already received.

The issue is to be listed on the Luxembourg Stock Exchange. The notes will be subordinated to

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How should success of FCA’s response to Which be judged?

The effectiveness of the Financial Conduct Authority’s regulatory action in response to Which’s super-complaint about home and travel insurance is reflected in smoother claims handling, not in the number of reviews or fines, according to Claire Massey, founder of Claim Guardians.

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