RSA Insurance Group Limited: Rating Report
On October 14, 2022, DBRS Limited (DBRS Morningstar) changed the trend on RSA and its operating entities to Positive from Stable and confirmed the Issuer Rating of “A” for RSA and the Financial Strength Rating of AA (low) for all RSA’s operating subsidiaries. DBRS Morningstar has also discontinued the ratings on RSA’s Perpetual Restricted Tier 1 Contingent Convertible Notes because they have been repaid. RSA was acquired by Intact in June 2021.
DBRS Morningstar is a global credit ratings business with 700 employees in eight offices globally. DBRS and Morningstar Credit Ratings are committed to empowering investor success, serving the market through leading-edge technology and raising the bar for the industry.
Together, we are the world’s fourth largest credit ratings agency and a market leader in Canada, the U.S. and Europe in multiple asset classes. We rate more than 2,600 issuers and 54,000 securities worldwide and are driven to bring more clarity, diversity and responsiveness to the ratings process. Our approach and size provide the agility to respond to customers’ needs, while being large enough to provide the necessary expertise and resources. For more details visit us at dbrs.com.
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