trending Market Intelligence /marketintelligence/en/news-insights/trending/lQ50p19Xu2SxpiGiQmGgtA2 content esgSubNav
In This List

S&P upgrades long-term ratings of Euler Hermes units

Blog

Perspectives from China: The Shifting Regulatory Landscape

Blog

Anticipate the Unknown: Does Supply Chain Disruption Lead to Increased Credit Risk?

Blog

Data Stories: Data insights to help alleviate business complexity amid geopolitical risks

Blog

Expand Your Perspective: Data & Distribution Q&A


S&P upgrades long-term ratings of Euler Hermes units

S&P Global Ratings on Dec. 1 upgraded the long-term issuer credit and financial strength ratings of Euler Hermes Group SA units Euler Hermes? SA (NV), Euler Hermes North America Insurance Co. and Euler Hermes Reinsurance AG to AA from AA-, with a stable outlook.

The rating agency said the upgrade follows its revision of the Euler Hermes group's status to the Allianz Group to "core" from "strategically important," adding that it now rates Euler Hermes in line with Allianz's credit profile.

The revision came after Allianz said it intends to buy out Euler Hermes' minority shareholders, which, in Moody's view, demonstrates Allianz's commitment to integrate Euler Hermes into its operations more deeply, the agency said.

Euler Hermes SA's short-term counterparty credit rating was affirmed at A-1+.

S&P Global Ratings and S&P Global Market Intelligence are owned by S&P Global Inc.