Fitch Ratings on Feb. 26 revised the outlook on Vivat NV's long-term issuer default rating to evolving from stable, while affirming it at BBB.

The agency also affirmed the BBB+ insurer financial strength ratings of Vivat entities SRLEV NV and REAAL Schadeverzekeringen NV and revised the outlooks to evolving from stable.

Fitch said the affirmations reflect its view that Vivat's credit profile as a stand-alone Dutch insurer is not directly affected by the credit profile of China-based parent Anbang Insurance Group Co. Ltd., which was recently taken over by China's insurance regulator.

The outlook revision, meanwhile, reflects Fitch's view of heightened uncertainty whether Anbang will remain Vivat's owner in the longer term.