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
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...
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