AM Best has affirmed the Long-Term Issuer Credit Rating of“ bb+” to Austral Participações S.A.. Concurrently, AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term ICR of“ bbb+” of Austral Resseguradora S.A. and Austral Seguradora S.A. The outlook of these ratings is positive. All companies are domiciled in Brazil, and collectively are referred.
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AM Best has assigned the Long-Term Issuer Credit Rating (Long-Term ICR) of “bb+” to Austral Participações S.A. (Austral). The outlook assigned to this Credit Rating is positive. Concurrently, AM Best has affirmed the FSR of B++ (Good) and the Long-Term ICR of “bbb+” of Austral Resseguradora S.A. (Austral Re) and Austral Seguradora S.A. The outlook of these Credit Ratings (ratings) is positive. All companies are domiciled in Brazil, and collectively are referred to as Austral Participacoes S.A. (Austral).
The ratings reflect Austral’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.
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AM Best has assigned the Long-Term Issuer Credit Rating (Long-Term ICR) of bb+ to Austral Participações S.A. (Austral). The outlook assigned to this Credit Rating is positive. Concurrently, AM Best has affirmed the FSR of B++ (Good) and the Long-Term ICR of bbb+ of Austral Resseguradora S.A. (Austral Re) and Austral Seguradora S.A. The outlook of these Credit Ratings (ratings) is positive. All companies are domiciled in Brazil, and collectively are referred to as Austral Participacoes S.A. (Austral).
The ratings reflect Austral s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.
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