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Moody's puts Atradius units on review for upgrade

Moody's on Dec. 13 placed on review for upgrade the A3 insurance financial strength ratings of Atradius NV units Atradius Credito y Caucion SA, Atradius Reinsurance DAC and Atradius Trade Credit Insurance Inc.

The agency also placed Atradius Credito y Caucion's P-2 short-term insurance financial strength rating on review for upgrade.

The move reflects the steady improvement in Atradius' financial profile over the last five years, according to Moody's.

The review is expected to be concluded in early 2018. The agency could upgrade Atradius' ratings if the review were to confirm that there is consistency in the company's improvements in capitalization, profitability and underwriting risk management.

Grupo Catalana Occidente SA holds a 83% stake in the Dutch insurer.