S&P Global Ratings has announced that it will maintain the rating of CNP Assurances SA.
In its revue, S&P says: "CNP Assurances holds a prominent position in the French life insurance market. The company benefits from profitable joint ventures in Europe and Latin America (…). S&P Global Ratings has observed a significant shift in the business mix over the past few years toward life-protection and unit-linked products. We expect revenue from life-protection contracts will remain robust."
The rating of CNP Assurances SA thus remains unchanged:
| Credit rating agency | S&P Global Ratings |
|---|---|
| Financial strength rating | A+ (negative outlook)1 |
| Tier 2 and Tier 3 subordinated notes rating | A - |
| Restricted Tier 1 subordinated notes rating | BBB+ |
Stéphane Dedeyan, Chief Executive Officer of CNP Assurances SA: “The continued rating of CNP Assurances by S&P Global Ratings confirms the financial strength and strategic orientations of the company based on a unique development model through solid partnerships and open-model activities.”