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.
The Big Dog Is Off the Tech Porch: State Farm as ‘Next Gen Good Neighbor’ 
Florida Governor Signs Bill Dropping Building Permits for Work Valued at $7,500 or Less 
Billionaire Boehly’s Allies Donated Heavily to Kansas Insurance Regulator 
Maryland Announces $2.5 Billion Settlement Over Baltimore Bridge Collapse 
