trending Market Intelligence /marketintelligence/en/news-insights/trending/Xm5-VN_m2QNgXdP_5TB9gg2 content esgSubNav
In This List

S&P assigns ratings to Brazil's Sompo Seguros

Blog

Insight Weekly: Earnings learnings; Duke Energy hits back; PE activity surges

Blog

Q&A: Data That Delivers - Automating the Credit Risk Workflow

Blog

Anticipate the Unknown Go Beyond Fundamentals to Uncover Early Signs of Private Company Credit Deterioration

Blog

Taking Loss Given Default Estimation to the Next Level: An Aspiration for All Creditors, Not Just Banks


S&P assigns ratings to Brazil's Sompo Seguros

S&P Global Ratings on Jan. 16 assigned brAAA/brA-1+ long- and short-term issuer credit ratings as well as brAAA national scale financial capacity rating to Brazil's Sompo Seguros SA.

The ratings reflect Sompo Seguros' position as a highly strategic subsidiary for parent Sompo Holdings Inc. The rating agency expects Sompo Seguros to receive support from its parent under almost all situations except in the event of a default by the Brazilian government.

The ratings also reflect the rating agency's view on the insurer's operation, which involves several lines of business; its profitability metrics that are slightly below local peers; and its efficient capitalization level.

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.