Fitch affirms Ageas

Fitch Ratings said it affirmed Ageas SA/NV's and Ageas Insurance International NV's long-term issuer default ratings at A.

The outlooks are stable.

Fitch simultaneously affirmed the rating on the floating-rate equity-linked subordinated hybrid capital securities issued by Ageasfinlux SA, with Ageas SA/NV acting as co-obligor, at BBB-.

“The affirmation of the ratings reflects Ageas's very strong capitalisation and low financial leverage,” the agency said in a news release.

“However, earnings remain constrained by challenging operating conditions in the U.K. and low bond yields in the Eurozone, limiting the group's investment income.”

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.