S&P affirms the ratings of Baloise Group

June 24, 2020
On 24 June 2020, Standard & Poor's confimed the rating for the core operating entities of Baloise Group of "A+" with a stable outlook. The rating agency acknowledges the extremely strong capitalization, which in recent years has strengthened above the "AAA" range according to the S&P capital model, high operational profitability, strong risk management and robust competitive position in the profitable core markets. The outlook on the German subsidiary Basler Sachversicherung AG has been raised to positive from stable on improving profitability.