Standard & Poor’s Ratings Services has assigned its ‘BBB+’ long-term debt rating to the proposed perpetual, junior subordinated, unsecured, callable notes that French insurer Groupama S.A.(rated ‘A’/Positive/) plans to issue this month for a benchmark size. The minimum expected amount is €500 million $668 million). “The rating is subject to confirmation of the final amount, terms, and conditions of the issue,” said S&P.
Was this article valuable?
Here are more articles you may enjoy.
Municipal Insurer Must Pay Share of $14.9 Million Wrongful Incarceration Settlement 
Allstate Q3 Net Income Drops About 45% on Higher Catastrophe Losses 
Erie CEO NeCastro Steps Down Early; Bolash Named Interim Leader 
Allstate’s AI Ecosystem to Include a Personal Agentic Assistant for Customers 
