Basel, Rating agency Standard & Poor’s has confirmed Baloise’s strong rating of ‘A’ with a stable outlook. For the first time, Standard & Poor’s has also issued separate ratings for the Baloise Group’s subsidiaries in Belgium and Germany and for Bâloise Holding Ltd.
Standard & Poor’s has confirmed Baloise’s rating of ‘A’ with a stable outlook, acknowledging its very healthy capitalisation, high operational profitability and robust competitive position in its profitable core markets. The agency also rated the firm’s risk management as strong. The stable outlook is a sign of Standard & Poor’s confidence that Baloise will maintain a strong position in its core markets going forward and will continue to be very well capitalised.
Besides the rating for its Swiss entity Baloise Insurance Ltd, Baloise has had ratings produced for the first time for its Belgian and German subsidiaries Baloise Belgium NV and Basler Sachversicherungs-AG and for Bâloise Holding Ltd. The additional ratings for the operating units will support the robust growth in the target segments SME and marine business.
Ratings from Standard & Poor’s
- Baloise Insurance Ltd (Switzerland): Rating "A" with a stable outlook
- Baloise Belgium NV (Belgium): Rating "A" with a stable outlook
- Basler Sachversicherungs-AG (Germany): Rating "A-" with a stable outlook
- Bâloise Holding AG: Issuer credit rating "BBB+" with a stable outlook