On 30 May 2022, Credit rating agency Moody’s has affirmed its financial strength and subordinated notes ratings for CNP Assurances.
Moody’s gives CNP Assurances an A1 financial strength rating (with stable outlook). In its press release published on Monday, Moody’s underlined “the group’s very strong market position in the French life insurance market, a low liability risk profile thanks to a low average guaranteed rate on traditional savings business and a very stable level of profitability”.
The following table shows CNP Assurances’ current ratings:
|Credit rating agency||Moody’s|
|Financial strength rating||A1|
|Tier 2 and Tier 3 subordinated notes rating||A3|
|Restricted Tier 1 subordinated notes rating||Baa2|
Following the announcement, Stéphane Dedeyan, Chief Executive Officer of CNP Assurances, said: “This latest credit rating by a leading agency once again reflects CNP Assurances’ excellent credit quality.”
The full Moody's press release can be downloaded from the credit rating agency website.