Moody's Investors Service has upgraded the insurance
financial strength ratings (IFSR) of SCOR SE (SCOR) and
various guaranteed subsidiaries to A1 from A2, and
SCOR's subordinated debt rating to A3 from Baa1. All
ratings have a "stable outlook".
According to the rating agency, this decision reflects
SCOR's "enhanced franchise strength,
consistent good profitability aligned with very low results
volatility, and very good financial flexibility, whilst
maintaining very good business diversification, a
relatively conservative investment portfolio and good
Denis Kessler, Chairman and Chief Executive Officer of
SCOR,commented: "Following the recent upgrades by
Fitch and AM Best, Moody's decision to upgrade
SCOR's financial strength ratings to
''A1'' is another confirmation of
SCOR's strong fundamentals. It clearly shows the
relevance of our strategic, business and financial
Fitch had upgraded the rating of SCOR SE and its
subsidiaries for insurer financial strength (IFS) and
long-term issuer default ratings (IDRs) to "A+"
with a "stable outlook" on 15 March 2012.
On 2 May 2012, AM Best had upgraded the issuer credit
ratings (ICR) of SCOR SE and its main subsidiaries to
"a+". They have also affirmed the financial
strength ratings of "A" (Excellent). All ratings
have a "stable outlook".
The Moody's press release is available on the
agency's homepage at the following address: http://www.moodys.com