Aviva downgraded by S&P
Standard & Poor's has lowered its long-term counterparty credit rating on Aviva to 'A' from 'A+'. At the same time, it affirmed the 'AA-' long-term counterparty credit and insurer financial strength ratings on Aviva's core insurance operating subsidiaries, including Aviva International Insurance. The outlook is negative. The rating actions follow its review of European global multiline insurers announced on 24 Feb.
"The rating actions reflect our view that current challenging operating and financial market conditions have put pressure on certain key credit fundamentals supporting the nonstandard "one notch"
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