On 31 Oct 2016, S&P Global Ratings affirmed its insurer financial strength and counterparty credit ratings on Poland-based insurer Powszechny Zakład Ubezpieczeń S.A. (parent company of the PZU group) and its rated core subsidiaries at 'A-’. The outlook is negative.
S&P had placed PZU on CreditWatch negative in December 2015, then reviewed the new strategy from the newly elected management board as announced in August.
