S&P upgrades CCR Re on Covid-19 resilience and “integral link” with French govt

CCR Re and S&P

CCR Re – the open market reinsurance arm of French state-backed CCR – has had its rating upgraded from ‘A-’ to ‘A’ by S&P on the back of the carrier’s profitability, its expected resilience to the Covid-19 pandemic and the “almost-certain” likelihood of government support if it were to experience ...

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