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Article: A.M. Best Affirms Rating of Riunione Adriatica di Sicurta SpA.
- Article from:
- Business Wire
- Article date:
- October 9, 2002
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Business Editors
OLDWICK, N.J.--(BUSINESS WIRE)--Oct. 9, 2002
A.M. Best Co. has affirmed the A++ (Superior) financial strength rating of Riunione Adriatica di Sicurta SpA (RAS SpA) (Milan, Italy).
The rating reflects the company's status as a core subsidiary of its ultimate parent, Allianz Aktiengesellschaft (rated A++ with a negative outlook). The rating also reflects RAS SpA's excellent business position in Italy, a superior level of consolidated risk-adjusted capitalisation and improving operating performance across its activities. An offsetting factor is the potential adverse impact on consolidated capital from the performance of foreign ...