Standard & Poor’s Ratings Services said that its ratings and outlook on Netherlands-based credit insurance group Atradius, and Spanish credit insurer Compañía Española de Seguros y Reaseguros de Crédito y Caución S.A. (CyC) are “unaffected by the announcement of a possible change in the shareholder structure of Grupo Crédito y Caución (GCC; not rated), which is currently the 100 percent owner of CyC and the future holder of 64.2 percent of Atradius upon completion of the combination of Atradius and CyC.” S&P rates Atradius main operating entities “A” with a stable outlook, and also rates CyC “A” with a stable outlook.
Was this article valuable?
Here are more articles you may enjoy.
Update: Spanish Train Crash Kills at Least 64 People South of Madrid 
Florida Men Charged With Creating Sham Insurance Now Face Federal Indictment 
PHP Security Flaws Highlight Potential Systemic Risk Aggregation for Cyber Insurers 
Florida Agency Owner and Unlicensed Agent Charged in Fake Certificates Scheme 
