S&P raises Baloise credit rating

Basel, Standard & Poor's has upgraded the outlook for the Baloise Group from 'stable' to 'positive' in recognition of the Group's strong half-year results and its exceptionally strong capitalisation. The rating is now 'A' with a positive outlook.

On 30 August, the Baloise Group published a strong set of results for the first half of 2017. In recognition of the operational profitability and strong capital base of Baloise, Standard & Poor's raised the Group's rating to 'A' with a positive outlook. Carsten Stolz, CFO of the Baloise Group, is delighted with this development: "Standard & Poor's upgrade is testimony to the strong creditworthiness of Baloise and underscores our exceptional level of reliability in our relationship with customers, business partners and investors. I am proud that we at Baloise have succeeded in striking such a perfect balance between capital strength, innovation and appeal to investors."

As part of the rating review, the company Baloise Life Ltd, Switzerland, was awarded its own separate credit rating.

Baloise now has the following credit ratings:

  Previously Now
Baloise Insurance Ltd
(Switzerland)
'A' with a stable outlook 'A' with a positive outlook
Baloise Life Ltd
(Switzerland)
n.a. 'A' with a positive outlook
Baloise Belgium N.V. 'A' with a stable outlook 'A' with a positive outlook
Basler Sachversicherung AG
(Germany)
'A-' with a stable outlook 'A-' with a positive outlook
Bâloise Holding AG 'BBB+' with a stable outlook 'BBB+' with a positive outlook

Standard & Poor's, one of the world's leading credit rating agencies, uses quantitative and qualitative criteria to assess the creditworthiness of a company.

The Baloise Group is more than just a traditional insurance company. The changing security, safety and service needs of society in the digital age lie at the heart of its business activities. The 7,300 or so employees of Baloise therefore focus on the wishes of their customers. The best possible customer service, combined with innovative products and services, makes Baloise the first choice for people who want to feel 'simply safe'. Located at the heart of Europe, with its head office in Basel, the Baloise Group is a provider of prevention, pension, assistance and insurance solutions. Its core markets are Switzerland, Germany, Belgium and Luxembourg. In Switzerland, with Baloise Bank SoBa, the Group also operates as a specialised financial services provider, offering a combination of insurance and banking services. The Group offers innovative pension products to retail customers throughout Europe from its competence centre in Luxembourg. Bâloise Holding Ltd shares are listed in the main segment of the SIX Swiss Exchange.