Moody's on Sept. 23 upgraded 's insurance financial strengthrating to Aa3 from A1, while revising the outlook to stable from positive.

The rating agency also upgraded the insurance financial strengthratings to Aa3 from A1 of SCOR units SCOR Canada Reinsurance Co., , , , andSCOR UK Co. Ltd. Theoutlook on the units was changed to stable from positive.

The upgrade of SCOR's ratings reflects the group's improvedfranchise; diversified business profile and lower exposure to the most volatilereinsurance segments than its peers; continued high stability of profits; andstrong and stable capitalization, Moody's said.