Fitch revises Vivat to stable

Fitch Ratings said it revised the outlooks on Vivat NV's BBB issuer default rating and Srlev NV's and Reaal Schadeverzekeringen NV's BBB+ insurer financial strength ratings to stable from negative and affirmed the ratings

Fitch said the outlook revision reflects its view that Vivat’s credit profile is now less sensitive to a widening in the relative credit strength between Vivat and the parent.

This follows the agency’s assessment both of Vivat’s improved standalone financial flexibility and of Anbang's stabilized credit profile.

Vivat successfully returned to capital markets in 2017 through the company's issuance of senior and subordinated debt, Fitch noted.

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