S&P Global Ratings raised the global scale financial strength rating of Sompo Seguros Mexico SA de CV to A from A-.
The rating upgrade reflects the insurer's "highly strategic group status" to Japanese parent company Sompo Holdings Inc., the rating agency said.
The outlook on the rating is negative.
This S&P Global Market Intelligence news article may contain information about credit ratings issued by S&P Global Ratings. Descriptions in this news article were not prepared by S&P Global Ratings.