Zavarovalnica Triglav dd : S&P Rating Agency Reaffirms the Two “Excellent” Credit Ratings of the Triglav Group and Upgrades Its Medium-Term Outlook from “Stable” to “Positive”
July 30, 2015 at 03:41 am EDT
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S&P Rating Agency Reaffirms the Two "Excellent" Credit Ratings of the Triglav Group and Upgrades Its Medium-Term Outlook from "Stable" to "Positive"
In accordance with the Ljubljana Stock Exchange Rules and the applicable legislation, ZAVAROVALNICA TRIGLAV d.d. hereby publishes the following notice:
Following its regular revision in July 2015, the Standard & Poor's rating agency affirmed the current "A-" (excellent) long-term credit rating and the "A-" (excellent) financial strength rating of Zavarovalnica Triglav d.d. and its subsidiary Pozavarovalnica Triglav Re d.d., and thereby the Triglav Group. Moreover, the Agency revised its medium-term outlook for both companies from "stable" to "positive".
The latest outstanding S&P credit rating only confirms the leading market position of the Triglav Group in both Slovenia and the Adria region, its highly visible brand and its extensive sales network. Furthermore, the credit rating takes into account the high profitability of the Group's operations, its solid capital adequacy and a high level of liquidity.
According to the Standard & Poor's rating agency, the insurance market in Slovenia, especially health and pension insurance markets, will benefit from the improved economic conditions in the country. Based on the Group's leading market position, a good business outlook, the quality of the existing portfolio and robust risk management, S&P assigned the Triglav Group a positive medium-term outlook. This outlook also raises a possibility that S&P will improve the credit rating within the next two years, if additional progress is observed in the Slovene insurance market.
This information will be published on the website of Zavarovalnica Triglav at www.triglav.eu as of 30 July 2015 and will remain available on the Company's public website for a period of at least five years.
Zavarovalnica Triglav dd is Slovenian-based company principally engaged in the insurance and financial services. Zavarovalnica Triglav dd is the controlling company of the Triglav Group which offers insurance, asset management and banking services. Zavarovalnica Triglav dd, Zdrastvena zavarovalnica dd and Pozavarovalnica Triglav Re dd provide wealth, life, voluntary additional pension and health insurances. The insurance sector of the Company also operates in the Czech Republic, Croatia, Bosnia and Hercegovina, Montenegro, Serbia and Macedonia. Through Triglav DZU ddo, Triglav Nalozbe financna druzba dd and Triglav nepremicnine dd the Company provides investment fund management, real estate and banking services. As of June 22, 2012, the Company acquired a 100% stake in Investicijsko podjetje, Trgovanje z lastnimi nepremicninami doo from Sava dd.
Zavarovalnica Triglav dd : S&P Rating Agency Reaffirms the Two “Excellent” Credit Ratings of the Triglav Group and Upgrades Its Medium-Term Outlook from “Stable” to “Positive”
ZAVAROVALNICA TRIGLAV, D.D. 
