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Article: Fitch Affirms Bradesco Seguros' International and National Insurer Financial Strength Ratings.
- Article from:
- Health & Beauty Close-Up
- Article date:
- June 16, 2009
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Fitch Ratings has affirmed the respective International and National Insurer Financial Strength (IFS) ratings of 'BBB+' and 'AAA(bra)' for Bradesco Seguros S.A. (Bradesco Seguros).
The Outlook for both ratings remains Stable.
The affirmation reflects the financial strength and maintenance of the strong support of the shareholder, Banco Bradesco S.A. (Bradesco; Long-Term Local Currency Issuer Default Rating [IDR] 'BBB+', Long-Term Foreign Currency IDR 'BBB', National Long-Term Rating 'AAA(bra)' by Fitch), as well as the strategic relevance of insurance operations for continuous development of the franchise. The ratings also consider the consistent ...