Moody’s gives CNP Assurances IFSR A1

Moody's Investors Service said it assigned an A1 insurance financial strength rating to CNP Assurances with a stable outlook.

Moody’s said the rating reflects CNP's very strong market position in the French life insurance market, a low liability risk profile, a very stable profitability as well as a very good financial flexibility.

These strengths are partly mitigated by the distribution strategy, which relies on third-party channels and is concentrated on a small number of large partners, as well as a relatively high level of high risk assets, the agency added.

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