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.
Public Adjuster Accused of Swiping $600,000 in Hurricane Ian Insurance Payments 
Viewpoint: California’s Surplus Lines HO Market Driven by Access, Not Wildfire Risk 
Viewpoint: Insurance Broker Valuations – The Elephant in the Room 
Agency Customer Rep and Miami Businessman Killed in Separate Boat Accidents 
