Ratings agency Standard and Poor's has affirmed its ratings on France's largest reinsurer SCOR. It also removed them from CreditWatch.
The agency affirmed SCOR's AA-minus insurer financial strength and counterparty credit ratings.
The ratings had been placed on CreditWatch after the 11 September terrorist attacks on the US. CreditWatch is S&P's mechanism for placing a company under increased surveillance for possible rating action within three months.
S&P said its move followed a review of SCOR's financial situation in the wake of 11 September and other industrial losses, such as the explosion at the AZF chemical plant in Toulouse.
The agency added that management had positioned the company for next year's "significant rate increases" in property & casualty reinsurance and industrial risks.
It said SCOR's capital levels were consistent with an AA capital rating.
