SCOR upgraded to 'A' rating by Fitch
Fitch Ratings has today upgraded French reinsurance group Scor's group entities' Long-term Issuer Default ratings (IDRs) and Insurer Financial Strength (IFS) ratings to 'A' from 'A-' (A minus). SCOR's junior subordinated debt is upgraded to 'BBB+' from 'BBB'. SCOR's Short-term IDR and commercial paper are upgraded to 'F1' from 'F2'.
The outlooks on the Long-term IDRs and IFS ratings remain stable.
"The upgrade reflects Fitch's view that SCOR's financial strength is unlikely to be materially affected by past legacies following
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