AM Best Affirms Credit Ratings of Abarca - Companhia de Seguros S.A.
AM Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of bbb- of Abarca Companhia de Seguros S.A. (Abarca) (Portugal). The outlook of these Credit Ratings (ratings) is stable.
The ratings reflect Abarca s balance sheet strength, which AM Best categorises as strong, as well as its adequate operating performance, limited business profile and marginal enterprise risk management.
Abarca s balance sheet strength is underpinned by its risk-adjusted capitalisation, as measured by Best s Capital Adequacy Ratio (BCAR), which is expected to remain at the strongest level for year-end 2020, albeit with a smaller capital buffer above the requirement for the strongest assessment than was the case in 2019. Abarca reported two large gross claims in 2020 (both under litigation), which increased its counterparty credit risk and reserving risk, leading to a reduction in risk-adju
Bolivian coup leaders sued for losses from IMF loan
Bolivian coup leaders sued for losses from IMF loan
La Paz, Feb 19 (Prensa Latina) The Plurinational Legislative Assembly of Bolivia will prepare as of Friday a lawsuit against former de facto President Jeanine Añez, for economic damages caused to the country by accepting a loan from the International Monetary Fund (IMF) irregularly.
In 2020, Añez requested a loan of 346.7 million dollars from the IMF in an irregular and onerous manner due to the financial conditions imposed without the approval of that governmental body, and it was returned last Wednesday by the Bolivian Central Bank with additional costs of 24.3 million dollars.
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Cetera says you should keep some things in mind when shopping around for a personal loan.
First up, research lenders and make a list of a few to compare. Look beyond your own bank because you may find a better rate somewhere else.