Moody’s turns Sampo view to positive

Moody’s Investors Service said it revised the outlooks for Sampo plc, the holding company for If P&C Insurance Ltd., to positive from stable and affirmed their ratings, including the Baa1 (hyb) on Sampo’s subordinated notes.

“The positive outlook reflects Moody's view that Sampo's credit profile will benefit from higher quality earnings and stronger and less volatile capital adequacy. It also reflects Moody's expectation that Sampo will be able to largely offset the negative impact of elevated claims inflation and other macroeconomic headwinds on its credit profile, thus outperforming many European peers,” the agency said in a press release.

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