CNP Assurances: Fitch confirms credit rating
(CercleFinance.com) - CNP Assurances has announced that despite the context of an unprecedented health and financial crisis, Fitch Ratings has confirmed its "A+" credit rating (with a "stable" outlook), as well as that of the subordinated securities issued by the group.
Fitch Ratings underlined that "The rating reflects CNP's very strong business profile, strong capitalisation and leverage and a stable record of financial performance", Fitch said.
However, the rating agency specifies, that "These strengths are partly offset by the insurer's relatively high asset risks for the rating, and its sensitivity to the low interest rate environment".
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