S&P: PZU affirmed at A- and outlook positive

Dodano: 15-10-2019

The rating agency S&P has decided that the PZU Group were affirmed at 'A-' with a positive outlook.

According to the agency, the PZU Group maintains a market leading position in Polish life and non-life insurance, enhanced by its asset management and bank operations. PZU's capital adequacy under our risk-based capital model remains extremely strong and its insurance operating performance solid, but its relatively recent banking investments have a comparably shorter history of stable and resilient group earnings contributions.

The positive outlook indicates that S&P could raise the ratings if the group maintains resilient earnings, a stable risk profile, and strong capital adequacy, alongside favorable management and governance.