Romania's industrial PPI down 2.2% y/y in Oct
Albania picks local tie-up for Vlora airport power line
UniCredit expands onemarkets Fund to CEE, eyes Romania
Romania's Jan-Oct tourism numbers rise 11.3% y/y
Bosnia's Mostar airport seeks airline for regular flights to Zagreb
Nov 13, 2017 12:09 EEST
November 13 (SeeNews) - Standard & Poor's has assigned 'A-' (excellent) issuer credit and financial strength ratings, with a positive outlook, to Slovenian insurer Zavarovalnica Sava, the holding company of the Sava Re Group said.
The ratings agency regards Zavarovalnica Sava as a core subsidiary of Sava Re and the largest contributor to the group's premiums and profits, Zavarovalnica Sava said in a filing to the Ljubljana Stock Exchange late on Friday.
Zavarovalnica Sava has a strong position in the Slovenian insurance market, where it is the second largest player with a 17 % market share.
"The positive outlook reflects the outlook on Sava Re's core operating entities with a potential that the ratings improve over the next two years provided the group maintains a stable capital position, ensures growth in premiums and earnings, cost efficiency and capital adequacy above the agency's 'AAA' threshold", the Slovenian company said, citing S&P.
Outside Slovenia, the Ljubljana-based group has subsidiaries in Kosovo, Macedonia, Serbia, Croatia, and Montenegro.
You have run out of free articles this month.
Sign up in for
and get ten (10) free articles per month or sign up for
and get unlimited access.
Browse our free newsletter options