Fitch rates Ageas notes BBB+

Fitch Ratings said it assigned Ageas SA/NV’s proposed subordinated tier 2 notes issue a BBB+ rating. Ageas issuer default rating is A.

“The notes are rated two notches below Ageas’ IDR, comprising one notch each for expected recovery and for moderate non-performance risk,” Fitch said in a press release.

The outlook is stable.

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