Fitch Revises KBC Verzekeringen’s KBC Group Re’s Outlooks to Positive
(The following statement was released by the rating agency) LONDON, April 19 (Fitch) Fitch Ratings uk canada goose outlet has revised KBC canada goose coats on sale Verzekeringen’s and KBC Group Re’s (together, KBC Insurance) Outlooks on their Insurer Financial Strength (IFS) Canada Goose Outlet ratings to Positive from Stable. At the same time, Fitch has affirmed KBC Insurance’s IFS rating at ‘A’. Fitch has also affirmed canada goose KBC Verzekeringen’s canada goose coats Long term canada goose black friday sale Issuer Default Canada Goose sale Rating (IDR) at ‘A ‘. KEY Canada Goose Jackets RATING DRIVERS The Outlook revision follows a similar rating action on KBC Group (IDR: A /Positive; see “Fitch Affirms KBC Bank’s ‘A ‘ IDR; Revises Outlook to Positive”, published on 14 April 2016). The ratings continue Canada Goose online to reflect the core strategic importance of KBC Insurance within KBC Group, buy canada goose jacket given the latter’s integrated bancassurance business model. KBC Insurance relies on KBC Group for its roles, business position and cheap Canada Goose strategic direction. KBC Group’s ‘A ‘ IDR continues to act as a cap canada goose uk outlet on KBC Verzekeringen’s IDR. The standalone IFS canada goose clearance assessment of More canada goose sale https://www.canadagooseparks.com KBC Verzekeringen would be higher if its IDR were not capped. The IFS assessment factors in the benefits derived by KBC Verzekeringen from being part of KBC Group, specifically regarding integrated capital management, the alignment of strategy and distribution. The standalone IFS assessment reflects KBC Verzekeringen’s important business position in canada goose uk black friday Belgium where it is the third largest Canada Goose Parka insurer. It is also underpinned by KBC Verzekeringen’s strong profitability and capitalisation. The company’s reported combined ratio was a canada goose store strong 91% in 2015. canada goose uk shop Its canada goose clearance sale consolidated regulatory solvency II ratio is also very strong (end December 2015: 231%), and in particular, its Fitch Prism Factor Based Model score on 2014 data was ‘Extremely Strong’, which buy canada goose jacket cheap Fitch expects to have continued in 2015. RATING SENSITIVITIES Changes in KBC Group’s ratings are likely to result in similar changes to KBC Verzekeringen’s ratings. In addition, if, in Fitch’s view, KBC Insurance cheap canada goose uk becomes less strategically important to KBC Group this would also likely result in a downgrade. KBC Group Re relies on KBC Verzekeringen Canada Goose Online for its role as a captive reinsurer, business position, strategic direction and asset management expertise. Any changes to its parent’s ratings are likely to have a corresponding impact on KBC Group Re’s ratings. 16 Sep 2015) here Additional Disclosures Dodd Frank Rating Information Disclosure Form here _id=1002802 Solicitation Status here Endorsement Policy here. PUBLISHED RATINGS, CRITERIA AND canadian goose jacket METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH’S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE ‘CODE OF CONDUCT’ SECTION OF THIS SITE. FITCH MAY HAVE PROVIDED uk canada goose ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU REGISTERED ENTITY CAN BE FOUND ON canada goose factory sale THE ENTITY SUMMARY Canada Goose Coats On Sale PAGE FOR THIS ISSUER ON THE FITCH WEBSITE.