AM Best affirms Mapfre Re ratings amid sovereign turmoil
AM Best Europe has affirmed the financial strength ratings of A (Excellent) and issuer credit rating of 'A' for Mapfre Re, following the recent market volatility surrounding Spain's economic conditions.
The rating agency's statement follows the announcement that Spain is to borrow up to €100bn from the European Financial Stability Facility or the European Stability Mechanism to recapitalise its
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