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:
|Baloise Insurance Ltd
|'A' with a stable outlook||'A' with a positive outlook|
|Baloise Life Ltd
|n.a.||'A' with a positive outlook|
|Baloise Belgium N.V.||'A' with a stable outlook||'A' with a positive outlook|
|Basler Sachversicherung AG
|'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.