Aviva downgraded by S&P on strategic plan execution fears
Standard & Poor's (S&P) has downgraded Aviva because of "significant risks and costs" associated with the UK-based insurance giant's delivery of its strategic plan.
The insurer's holding company long-term counterparty credit rating was cut by a notch from A to A-, while the credit and insurer financial strength ratings of Aviva's core operating subsidiaries were downgraded from A+ to A.
As previously reported, the company lost its CEO Andrew Moss in May when he resigned after a shareholder revolt on...
You are currently viewing an incomplete version of this article. If you are a subscriber then please login now. If you are a non-subscriber but would like to be able to view this article, then please select from the purchasing options below.
Purchase
Follow us:
