Research Update: Reinsurer Milli Reasurans T.A.S. Turkey National Scale Rating Affirmed At 'trA-' - S&P Global Ratings’ Credit Research

Research Update: Reinsurer Milli Reasurans T.A.S. Turkey National Scale Rating Affirmed At 'trA-'

Research Update: Reinsurer Milli Reasurans T.A.S. Turkey National Scale Rating Affirmed At 'trA-' - S&P Global Ratings’ Credit Research
Research Update: Reinsurer Milli Reasurans T.A.S. Turkey National Scale Rating Affirmed At 'trA-'
Published Apr 25, 2022
6 pages (2870 words) — Published Apr 25, 2022
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

Milli Reasurans T.A.S. (Milli Re) has a leading position in the Turkish insurance market as the country's national reinsurer, benefitting from 'AA' risk-based capital adequacy. The company is exposed to high inflation and foreign exchange risks in Turkey, as well as material property catastrophe risk, particularly earthquakes. We view Milli Re as a moderately strategically important subsidiary of Turkiye Is Bankasi A.S. and therefore limit the rating on Milli Re to that on the parent. We affirmed our 'trA-' national scale rating on Milli Re. On April 25, 2022, S&P Global Ratings affirmed its Turkey national scale rating on Milli Reasurans T.A.S. (Milli Re) at 'trA-'. Milli Re's 'AA' risk-based capital adequacy, measured using our model, supports our 'trA-' Turkey

  
Brief Excerpt:

...- Milli Reasurans T.A.S. (Milli Re) has a leading position in the Turkish insurance market as the country's national reinsurer, benefitting from '##' risk-based capital adequacy. - The company is exposed to high inflation and foreign exchange risks in Turkey, as well as material property catastrophe risk, particularly earthquakes. - We view Milli Re as a moderately strategically important subsidiary of Turkiye Is Bankasi A.S. and therefore limit the rating on Milli Re to that on the parent. - We affirmed our 'trA-' national scale rating on Milli Re....

  
Report Type:

Research Update

Ticker
1033Z@TI
Issuer
Milli Reasurans T.A.S.
GICS
Reinsurance (40301050)
Sector
Global Issuers
Country
Turkey
Region
Europe, Middle East, Africa
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: Reinsurer Milli Reasurans T.A.S. Turkey National Scale Rating Affirmed At 'trA-'" Apr 25, 2022. Alacra Store. May 22, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Reinsurer-Milli-Reasurans-T-A-S-Turkey-National-Scale-Rating-Affirmed-At-trA-2828946>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Reinsurer Milli Reasurans T.A.S. Turkey National Scale Rating Affirmed At 'trA-' Apr 25, 2022. New York, NY: Alacra Store. Retrieved May 22, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Reinsurer-Milli-Reasurans-T-A-S-Turkey-National-Scale-Rating-Affirmed-At-trA-2828946>
  
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