Moody’s upgrades Scor
Moody's has announced that it has upgraded Scor's Insurance Financial Strength Rating (IFSR) to Baa2 from Baa3, Senior Debt to Baa3 from Ba2, and Subordinated Debt to Ba2 from Ba3. All ratings have a positive outlook.
The rating agency said that the rating upgrades reflect Scor's improving solvency and financial and operational leverage, the return to profitability during 2004, active management of discontinuedOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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