S&P Cuts Uniqa´s Rating

Businessn.a. ♦ Published: December 13, 2011; 17:30 ♦ (Vindobona)

Standard & Poors today lowered the long-term financial rating of the Austrian insurance group Uniqa from “A-“ to “BBB+”.

S&P Cuts Uniqa´s Rating / Picture: © Uniqa

Standard & Poor's Ratings Services said today that it had lowered its long-term counterparty credit and insurer financial strength ratings on Austria-based composite insurance group UNIQA's core operating entities, UNIQA Personenversicherung AG, UNIQA Sachversicherung AG, and UNIQA Re AG, to 'A-' from 'A'. In addition, the analysts lowered the long-term counterparty credit and…