CNP Assurances announces the upgrade of the rating of its RT1 from Baa3 to Baa2. The change in methodology by the Moody’s agency on the RT1 debt, also based on an equilibrium level of the solvency 2 ratio over the long term in a non-stressed scenario, enabled the raising by one notch the restricted Tier 1 issued by CNP Assurances and rated by Moody’s.
The financial strength rating of CNP Assurances to A1 remains unchanged as the stable perspective.
“The latest rating action by a leading rating agencies once again reflects CNP Assurances’ excellent credit quality”, said Stéphane DEDEYAN, Chief Executive Officer of CNP Assurances.