S&P Reviews Uniqa’s Rating

Businessn.a. ♦ Published: November 10, 2011; 17:21 ♦ (Vindobona)

The Austrian insurance company was set to CreditWatch negative due to its weakened capital adequacy. A downgrade by one notch is possible.

S&P Reviews Uniqa’s Rating / Picture: © UNIQA Group

Standard & Poor's Ratings Services said today that it had placed its 'A' long-term counterparty credit and insurer financial strength ratings on Uniqa on CreditWatch with negative implications.

“We are concerned that the adverse financial markets have significantly weakened Austrian insurance group Uniqa’s financial profile, especially its capital adequacy to a level we…