GCR Upgrades Standard Insurance’s Rating of A (PH); Outlook Stable.
Last December 23, 2016, the Johannesburg-based rating agency Global Credit Rating Co. (GCR) upgraded Standard Insurance Co., Inc.’s national-scale claims-paying ability rating to A (PH), with an outlook of Stable. Furthermore, it upgraded Standard...
Last December 23, 2016, the Johannesburg-based rating agency Global Credit Rating Co. (GCR) upgraded Standard Insurance Co., Inc.’s national-scale claims-paying ability rating to A (PH), with an outlook of Stable. Furthermore, it upgraded Standard Insurance’s international scale rating to BB, also with an outlook of Stable. Such ratings are valid until October 2017.
In according Standard Insurance with such ratings, GCR cited (a) its strong and improving capitalization, (b) superior reinsurance facilities from some of the world’s best, highest-rated insurers that protect its motor and property portfolios from catastrophes and large single loss events, (c) high levels of liquidity, (d) consistently strong competitive positioning and (e) a proven track record of sustaining motorcar insurance leadership, innovation and profitability.
GCR is a highly reputable rating agency operating across four continents and whose major owner is DEG/KFW, a banking group of the German Government and rated AAA (Triple A) internationally.