Fitch Affirms Gothaer's IFS at 'A'; Outlook Stable

April 10, 2015 9:01 AM

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(The following statement was released by the rating agency) FRANKFURT/LONDON, April 10 (Fitch) Fitch Ratings has affirmed Gothaer Allgemeine Versicherung AG's (GA) and Gothaer Lebensversicherung AG's (GL) Insurer Financial Strength (IFS) ratings at 'A' and Long-term Issuer Default Ratings (IDR) at 'A-'.

The Outlooks are Stable. Fitch has also affirmed GA's EUR250m subordinated debt at 'BBB'. KEY RATING DRIVERS The affirmation reflects Gothaer group's (GG) strong and resilient capitalisation, well-diversified group structure and Fitch's expectations that investment return and operating profitability...

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