Ratings Roundup: Groupama (notes)
Standard & Poor’s Ratings Services has assigned its ‘BBB+’ long-term debt rating to the proposed perpetual, junior subordinated, unsecured, callable notes that French insurer Groupama S.A.(rated ‘A’/Positive/) plans to issue this month for a benchmark size. The minimum expected amount is €500 million $668 million). “The rating is subject to confirmation of the final amount, terms, and conditions of the issue,” said S&P.
Popular Today
- Adjuster Created Law Firm and Fake Claim to Defraud Insurer of $1M, Officials Charge
- KCC Says Isaias Insured Losses to Be $3 Billion; AM Best Calls Storm an Earnings Event
- Travelers Reports Solid Underwriting, Record Investment Income for Q3
- All in the Family: Husband, Wife and Daughter Indicted for Insurance Fraud and Bribery