Fitch has upgraded the rating of the SCOR Group to ‘BBB' from...

Fitch has upgraded the rating of the SCOR reinsurance group to ‘BBB' from ‘BB+.'

SCOR SA long-term ratings improved to ‘BBB-‘ from ‘BB' and its short-term ratings to ‘F3' from ‘B.'

Fitch said the upgrades reflected SCOR's financial strength profile, vigorous management actions and the stabilisation of the group's business position

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