Standard & Poor’s upgrades Achmea’s rating outlook to stable
The US credit rating agency, Standard & Poor’s (S&P), today announced an upgrade of Achmea’s rating outlook to stable. The overall credit rating for the insurance entities remains ‘A’.
In its rating report, S&P states that Achmea has realised stable and improved operational results in recent times. The increase in the operational result to 391 million euro in 2018 exceeded S&P’s expectations. It added that it expects Achmea to remain its debt-leverage ratio and capital position stable at this strong level over the coming period.
For this reason, the credit rating agency has announced that it would raise the outlook to ‘stable’ for all entities, with an ‘A’ rating for the insurance entities, an ‘A-’ rating for the ‘highly strategic subsidiaries’ Achmea Reinsurance Company N.V. and Achmea Bank N.V. and a ‘BBB+’ rating for Achmea B.V.