Insurance Post

RSA CFO downplays S&P downgrade

Richard Houghton

RSA's chief financial officer Richard Houghton has responded to the firms downgrade by S&P saying the move brings it into line with the Moody's and Fitch.

S&P downgraded RSA's financial strength and issuer credit ratings from ‘A+' to ‘A' on Thursday following profit warnings from the firm over catastrophe losses and irregularities in its Irish business

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