Storebrand Livsforsikring AS: S&P Upgrades Storebrand Livsforsikring AS To 'A'; 'Outlook Stable'
S&P Global Ratings ("S&P") has today announced that they have upgraded their ratings on Storebrand on ongoing profitable growth and improved financial strength. In their press release, they state the following: - We raised our long-term issuer credit and insurer financial strength ratings on Storebrand Livsforsikring AS to 'A' from 'A-' and the long term issuer credit rating on Storebrand ASA to 'BBB+' from 'BBB'. - We also raised the tier 2 subordinated issue ratings to 'BBB+' from 'BBB' and the additional tier 1 (AT1) issue rating to 'BBB' from 'BBB-'. - The stable outlook