Fitch Affirms Maxseguros EPM Ltd. IFS Rating at ‘BBB+’; Outlook Stable
KEY RATING DRIVERS
Maxseguros' rating is in line with that of its parent's,
Maxseguros is a captive reinsurer domiciled in
On
As of
Maxseguros's capital has strengthened. The total capital was
RATING SENSITIVITIES
Key Negative changes to EPM's ratings or to its ability and willingness to provide support could result in a downgrade for Maxseguros. Fitch may consider an upgrade of Maxseguros' rating if EPM's rating is upgraded, but is unlikely in the short to medium term.
Additional information is available at 'www.fitchratings.com'.
Applicable Criteria
Insurance Rating Methodology (pub.
https://www.fitchratings.com/site/re/887191
Additional Disclosures
Dodd-Frank Rating Information Disclosure Form
https://www.fitchratings.com/creditdesk/press_releases/content/ridf_frame.cfm?pr_id=1012013
Solicitation Status
https://www.fitchratings.com/gws/en/disclosure/solicitation?pr_id=1012013
Endorsement Policy
https://www.fitchratings.com/jsp/creditdesk/PolicyRegulation.faces?context=2&detail=31
ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND 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 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 THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160921006528/en/
Fitch Ratings
Esin Celasun, +55-21-4503-2626
Director
Fitch Ratings Brasil Ltda.
Praca XV de Novembro, 20 - 401 B,
or
Secondary Analyst:
Director
or
Committee Chairperson:
Senior Director
or
Media Relations:
[email protected]
Source: Fitch Ratings
Movie Addict: ‘Sully’ details pilot’s heroism, burden
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News