GJF, GJF01, GJF03, GJF04: S&P affirms A ratings on Gjensidige and revises outlook to stable; BBB+ rating on tier 2 debt and BBB rating on restricted tier 1 subordinated debt affirmed
S&P affirms ratings on Gjensidige and its listed bonds. Outlook revised to stable from positive as S&P expects that management will seek to maintain flexibility and thus not commit to holding capital beyond its targeted A level over the next two to three years. Please see appendix for detailed information. Contact persons, Gjensidige Forsikring ASA:Head of Investor Relations Mitra Hagen Negård, Tel: +47 957 93 631Investor Relations Officer: Marius Michelsen Fjellbo, Tel: +47 995 67 593 Gjensidige is a leading Nordic insurance group listed on the Oslo Stock Exchange. We have about