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.
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 7,200 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.