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Scor SE (SCRYY.PK)

SCRYY.PK on OTC Markets Group

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24 Jun 2016
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Tue, May 24 2016

Fitch Rates SCOR's Subordinated Notes at 'A-'

(The following statement was released by the rating agency) LONDON, May 24 (Fitch) Fitch Ratings has assigned SCOR SE's (SCOR) EUR500m issue of subordinated notes a rating of 'A-'. The notes are rated two notches below SCOR's Long-term Issuer Default Rating (IDR) of 'A+'/Stable, to reflect their subordination and loss absorption features, in line with Fitch's notching criteria. KEY RATING DRIVERS The proceeds of the Tier 2 subordinated notes will be used for general corporate purposes. The

BRIEF-Scor net income slightly decreases to 170 million euros

* Q1 group net income reaches EUR 170 million ($192.20 million), down 2.9%

BRIEF-Scor sponsors a new catastrophe bond

* Scor sponsors a new catastrophe bond, Atlas IX series 2016-1 notes

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