Research Update: Spanish Mutual Insurer FIATC Affirmed At 'BBB+'; Outlook Stable - S&P Global Ratings’ Credit Research

Research Update: Spanish Mutual Insurer FIATC Affirmed At 'BBB+'; Outlook Stable

Research Update: Spanish Mutual Insurer FIATC Affirmed At 'BBB+'; Outlook Stable - S&P Global Ratings’ Credit Research
Research Update: Spanish Mutual Insurer FIATC Affirmed At 'BBB+'; Outlook Stable
Published Sep 23, 2019
4 pages (1752 words) — Published Sep 23, 2019
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

FIATC is a leading mutual insurer in the Spanish region of Catalonia, with a strong franchise in health care and retirement services business. It also has solid capital adequacy under the regulatory solvency requirements and our risk-based capital model. The company has a small share of the overall Spanish insurance market, with geographic concentration in Catalonia, as well as a small absolute amount of capital. We are affirming our 'BBB+' ratings on FIATC. The outlook is stable reflecting our expectation that FIATC will continue to benefit from its leading position in Catalonia and resilient capital adequacy over the next 12-24 months. On Sept. 23, 2019, S&P Global Ratings affirmed its 'BBB+' long-term insurer financial strength and issuer credit ratings on

  
Brief Excerpt:

...- FIATC is a leading mutual insurer in the Spanish region of Catalonia, with a strong franchise in health care and retirement services business. It also has solid capital adequacy under the regulatory solvency requirements and our risk-based capital model. - The company has a small share of the overall Spanish insurance market, with geographic concentration in Catalonia, as well as a small absolute amount of capital. - We are affirming our '###+' ratings on FIATC. - The outlook is stable reflecting our expectation that FIATC will continue to benefit from its leading position in Catalonia and resilient capital adequacy over the next 12-24 months....

  
Report Type:

Research Update

Ticker
1157Z@SM
Issuer
FIATC Mutua de Seguros y Reaseguros
GICS
Multi-line Insurance (40301030)
Sector
Global Issuers
Country
Spain
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: Spanish Mutual Insurer FIATC Affirmed At 'BBB+'; Outlook Stable" Sep 23, 2019. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Spanish-Mutual-Insurer-FIATC-Affirmed-At-BBB-Outlook-Stable-2304385>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Spanish Mutual Insurer FIATC Affirmed At 'BBB+'; Outlook Stable Sep 23, 2019. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Spanish-Mutual-Insurer-FIATC-Affirmed-At-BBB-Outlook-Stable-2304385>
  
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