Credit rating agency Fitch Ratings has affirmed its A+ insurer financial strength rating with stable outlook and its subordinated notes ratings for CNP Assurances SA.
Fitch Ratings affirmation reflects “a strong capitalisation and leverage, very strong business profile and astable record of financial performance. These strengths are partly offset by a fairly high asset risk for the rating.”
The following table shows CNP Assurances SA current ratings:
| Credit rating agency | Fitch Ratings |
|---|---|
| Insurer Financial strength rating | A+ |
| Tier 2 and Tier 3 subordinated notes rating | BBB+ |
| Restricted Tier 1 subordinated notes rating | BBB- |
Stéphane Dedeyan, Restricted Tier 1 subordinated notes rating: “Fitch Ratings' reaffirmation of the A+ Stable Outlook rating confirms the financial strength of CNP Assurances and the robustness of its business model in a rapidly changing economic and financial environment.”