Home > Risks Management and Insurance Magazine > News > Fitch confirms MAPFRE’s insurer financial strength rating

Vulnerabilidad-mercados-emergentes933x526

Fitch confirms MAPFRE’s insurer financial strength rating

Despite the impact of COVID-19, the ratings agency maintains the A+ rating with a stable outlook

The Fitch agency maintain MAPFRE’s financial strength credit rating at A+, with a stable outlook, following its assessment of the potential impact of the coronavirus pandemic on the company.

The risk ratings agency explains in its note that maintaining the rating is based on its view of MAPFRE as a “solidly capitalized” company; with financial indebtedness of 23 percent at the close of 2019, Fitch “does not expect a significant increase this year.” “MAPFRE,” the agency’s note continues, “has a solid liquidity position and also has access to a syndicated credit line of 1 billion euros. We expect the group’s technical profitability to remain resilient.”

MAPFRE will advance its first quarter results on May 5.

More details here.

donwload pdf
Exploring new horizons in the Mining Industry

Exploring new horizons in the Mining Industry

Mining has become a fundamental pillar of modern society, providing materials essential for technology, construction, and energy. In a world with ambitious sustainability objectives, the sector faces unprecedented challenges. To address this situation, Ana Pedrouzo,...

read more
Actualidad Aseguradora Interviews Bosco Francoy

Actualidad Aseguradora Interviews Bosco Francoy

Bosco Francoy, CEO of MAPFRE Global Risks, answers questions about the company’s new expansion in Europe and North America, offering insurance solutions to large corporations, with a focus on the Iberian Peninsula and Latin America. INESE has launched a special...

read more