S&P raises Gerling rating
Standard & Poor's (S&P) has raised its long-term counterparty credit and insurer financial strength ratings on Germany-based industrial and private lines insurer Gerling-Konzern Allgemeine Versicherungs-AG (GKA) from 'BBB' (good) to 'BBB+' (good). The outlook is positive.
"The rating action reflects the first signs of strongly improved operating performance and capitalization stabilized at strong levels. GKA's resilient competitive position is also a positive factorOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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