Analyst Research

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Provider: Reuters Investment Profile
Provider: Sadif Analytics Prime
Provider: Alta Invest
Provider: Sadif Analytics Prime

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Standard & Poor's Rating Services Affirms Ratings of Sava Re dd

Friday, 5 Jul 2013 02:48am EDT 

Sava Re dd announced that Standard & Poor's rating Services placed the BBB+ ratings on the Company on CreditWatch with negative implications in December 2012. The agency assessed that the announced capital increase required for the purchase of the remaining shares of Zavarovalnica Maribor could involve some execution risk. After the successful completion of the capital increase, the purchase of the remaining shares of Zavarovalnica Maribor and following the annual rating review, Standard & Poor's rating Services affirmed the existing BBB+ ratings with stable outlook and removed the ratings from CreditWatch with negative implications. The stable outlook reflects the Agency's view that by completing this project, the Company has strengthened its market position, capital and earnings. 

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6:49am EDT