Home Credit Ratings and Research S&P Global Ratings’ Credit Research FIATC Mutua de Seguros y Reaseguros a Prima Fija y Sociedades Filiales

Spain-Based Insurance Company FIATC Outlook Revised To Negative Following Downgrade Of Spain; Ratings Affirmed

Published Oct 12, 2012

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Abstract:

On Oct. 10, 2012, we downgraded the Kingdom of Spain to 'BBB-/A-3' from 'BBB+/A-2'. The outlook on Spain remains negative. Under our criteria, we generally cap the ratings on domestic insurers at the level of the sovereign local currency rating. As a result, we are revising the outlook on FIATC to negative from stable and affirming the 'BBB-' rating. The negative outlook reflects that on Spain. LONDON (Standard&Poor's) Oct. 12, 2012--Standard&Poor's Ratings Services today revised the outlook on FIATC, Mutua de Seguros y Reaseguros a Prima Fija y Sociedades Filiales (FIATC) to negative from stable. At the same time, we affirmed the 'BBB-' long-term counterparty credit and insurer financial strength ratings on FIATC. The outlook revision

Report Type:

Ratings Action

Ticker

1157Z@SM

Issuer

FIATC Mutua de Seguros y Reaseguros a Prima Fija y Sociedades Filiales

GICS

Multi-line Insurance (40301030)

Sector

Global Issuers

Country

Spain

Region

Europe, Middle East, Africa

Format:

HTML

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Summary: FIATC Mutua de Seguros y Reaseguros a Prima Fija y Sociedades Filiales – 2012/05/30 – US$ 225.00

Spanish Insurer FIATC Outlook Revised To Stable On Weak Macroeconomic Conditions In Spain; 'BBB-' Rating Affirmed – 2012/05/21 – US$ 150.00

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Spain-Based Insurance Company FIATC Outlook Revised To Negative Following Downgrade Of Spain; Ratings Affirmed" Oct 12, 2012. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Spain-Based-Insurance-Company-FIATC-Outlook-Revised-To-Negative-Following-Downgrade-Of-Spain-Ratings-Affirmed-1023013>

APA:	S&P Global Ratings’ Credit Research. (). Spain-Based Insurance Company FIATC Outlook Revised To Negative Following Downgrade Of Spain; Ratings Affirmed Oct 12, 2012. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Spain-Based-Insurance-Company-FIATC-Outlook-Revised-To-Negative-Following-Downgrade-Of-Spain-Ratings-Affirmed-1023013>

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