Warta upgraded after Talanx deal completes
Ratings agency Standard & Poor (S&P) today upgraded its
insurer financial strength ratings on Polish non-life insurer Warta
by two notches to A from BBB+.
S&P had placed the ratings on Warta on CreditWatch positive
when German insurance group Talanx (TPG) announced earlier in the
month that it had successfully completed its acquisition of the
firm.
S&P stated that the action reflects their view that Warta is
"strategically important to TPG" and consequently the
long-term ratings on Warta benefit from...
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:
