trending Market Intelligence /marketintelligence/en/news-insights/trending/3UedULnynYxdAKfThXcwKQ2 content esgSubNav
In This List

Fitch upgrades Renta Nacional Compania de Seguros Generales to BBB(cl)

Blog

Insight Weekly: Earnings learnings; Duke Energy hits back; PE activity surges

Blog

Q&A: Data That Delivers - Automating the Credit Risk Workflow

Blog

Anticipate the Unknown Go Beyond Fundamentals to Uncover Early Signs of Private Company Credit Deterioration

Blog

Taking Loss Given Default Estimation to the Next Level: An Aspiration for All Creditors, Not Just Banks


Fitch upgrades Renta Nacional Compania de Seguros Generales to BBB(cl)

FitchRatings on Oct. 6 upgraded the national insurer financial strength ofRenta Nacional Compania deSeguros Generales SA to BBB(cl) from BBB-(cl), while changing theoutlook to stable from positive.

The upgradeis driven by growth in the insurer's income and operations atabove-the-market-average and historical rates. Fitch said this has benefitedthe diversification of income sources, with levels expected to be maintained inthe long term.

Meanwhile,the stable outlook reflects the stability in the main policies of the company.However, Fitch still sees the company having low business volume in highlycompetitive lines.