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Provider: Reuters Investment Profile
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Provider: Thomson Reuters StreetEvents
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Standard & Poor's Upgrades UNIQA Versicherungen AG Ratings


Thursday, 17 Oct 2013 04:00am EDT 

UNIQA Versicherungen AG announced that the rating agency Standard & Poor's (S&P) has upgraded its ratings for UNIQA. S&P has raised its rating for the holding company UNIQA Insurance Group AG from "BBB+" to "A-". UNIQA Oesterreich Versicherungen AG and UNIQA Re AG were upgraded from "A-" to "A". At the same time the rating for the subordinated debt issued in summer 2013 was also upgraded one notch to "BBB". In light of the proceeds of EUR 757 million from the capital increase, S&P highlighted UNIQA's improved financial and capital strength and is still assuming a positive trend in earnings for the years 2013 to 2015. 

Company Quote

8.042
0.032 +0.40%
3 Jul 2015