Fitch Affirms Intact's Ratings After RSA Acquisition; RSA Subsidiary Upgraded to 'AA-'
Fitch Affirms Intact’s Ratings After RSA Acquisition; RSA Subsidiary Upgraded to ‘AA-‘ June 2, 2021 Fitch Ratings has affirmed the Insurer Financial Strength (IFS) ratings of Intact Financial Corp.’s insurance subsidiaries at ‘AA-‘ (very strong), after its acquisition of RSA Insurance Group. Fitch also upgraded the IFS of RSA’s operating subsidiary, Royal & Sun Alliance Plc, to ‘AA-‘ from ‘A+’. Fitch affirmed Intact’s senior unsecured debt at ‘A-‘; preferred shares at ‘BBB’ and Issuer Default Ratings (IDR) at ‘A’ and RSA ...
Source: insurancejournal.com