Basel, Baloise has announced plans to have Bâloise Holding Ltd rated by Standard & Poor's.
In addition to the existing rating for Basler Versicherung AG, Baloise intends to have Standard & Poor's assign a credit rating to Bâloise Holding Ltd. This process is expected to be completed by the end of June. Credit Suisse recently announced that it will no longer be providing credit ratings for various companies listed on the Swiss stock exchange. The Standard & Poor's rating will ensure that Bâloise Holding Ltd continues to meet the requirements of the SIX Swiss Exchange that its bonds remain listed in the Swiss Bond Index (SBI). To be listed in the SBI, companies must provide either one rating from an international rating agency or ratings from two designated Swiss banks.