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Fitch assigns AA-(pan) rating on Multibank Seguros

Fitch Ratings on June 6 assigned an AA-(pan) national rating on Multibank Seguros S.A..

The outlook is stable.

The rating considers the support received by the insurer from its controller, Multibank Inc.

It also reflects the insurer's conservative underwriting profile, as seen in its constrained accident rate level; reduced leverage level; and its positive and stable operating results, due to a clear business focus and leverage synergies with Multibank Inc., Fitch said.