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QBE Insurance Group Limited (ASX:QBE) has seen its credit rating firmed to bbb by the AM Best agency.The insurers rating outlook was raised from negative to stable and its financial strength was rated at an A.CEO John Neal says the revised outlook recognises that initiatives aiming to strengthen the group’s capital position and reduce risk are having the intended impact.He says the company’s capital position puts it on a firm footing for the future.QBE reported a net profit of $420 million in the first half of 2014.
News: QBE ratings firmed by AM Best
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$17.58 |
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