S&P raises GKA rating
Standard & Poor's Ratings Services (S&P) has raised its long-term counterparty credit and insurer financial strength ratings on Germany-based property/casualty insurer Gerling-Konzern Allgemeine Versicherungs-AG (GKA) to 'A-' from 'BBB+'. At the same time, the long-term debt rating on the unsecured subordinated fixed-to-floating-rate notes issued by GKA was raised to 'BBB' from 'BBB-'. The outlook is stable.
"The upgrade reflects GKA's further improved operating performance, its resilient competitive position, and strong capitalization, backed by low investment risk and its declining exposure to GLOBALEOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@postonline.co.uk or view our subscription options here: https://subscriptions.postonline.co.uk/subscribe
You are currently unable to print this content. Please contact info@postonline.co.uk to find out more.
You are currently unable to copy this content. Please contact info@postonline.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@postonline.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@postonline.co.uk