Ageas acquisition boosts Groupama Insurances rating
Standard & Poor's has raised Ageas' financial strength rating to 'BBB' with a 'stable outlook', having reviewed the insurer's financial and business risk profiles.
S&P said that Groupama had been constrained by its previous parent company, which sold the business to Ageas UK in November.
The ratings have also been removed from Credit Watch.
"The ratings were
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