AM Best has upgraded the financial strength rating of SCOR...
AM Best has upgraded the financial strength rating to A- (Excellent) from B++ (Very Good) and the issuer credit rating to "a-" from "bbb+" of SCOR and its rated subsidiaries.
AM Best has also upgraded the senior debt and subordinated debt either issued or guaranteed by SCOR.
All ratings have been removed from under review with positive implications, and a stable outlook has been assigned.
AM Best said the rating actions reflects SCOR's excellent risk-adjusted capitalisation, a strong business profile in the European markets and improving operating performance.
The stable outlook reflects AM Best's expectations that SCOR will be able to successfully integrate Revios and continue its restructuring programme throughout 2006 and 2007.
