on CNP ASSURANCES (EPA:CNP)
Moody’s Reaffirms « A1 » Outlook Stable Rating of CNP Assurances SA
Moody's confirmed the financial strength rating of CNP Assurances SA at « A1 » with a stable outlook on June 11th, 2024. This also applies to its subordinated notes.
Moody’s highlighted that the stable and strong market position of CNP Assurances in the French life insurance segment underpins its credit profile. The credit rating is further supported by a decreasing risk profile due to very low average guaranteed rates on traditional savings. The stable outlook reflects expectations of maintaining the business in France while improving product and geographic diversification.
CNP Assurances benefits from its continued integration with La Banque Postale and other group insurance operations, allowing it to offer new products to La Banque Postale clients and policyholders.
R. E.Copyright © 2024 FinanzWire, all reproduction and representation rights reserved. Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all CNP ASSURANCES news