Moody's assigns Aa3.za issuer rating to Discovery Limited
Rating Action: Moody's assigns Aa3.za issuer rating to Discovery Limited. Global Credit Research- 20 Oct 2017. London, 20 October 2017-- Moody's Investors Service, has assigned Ba1 global scale and Aa3.za national scale Long-Term Issuer ratings to Discovery Limited.Discovery is an integrated financial services organisation, focusing on health insurance, life assurance, investments and savings products, wellness and short-term insurance. Co. operates primarily through six subsidiaries which operate in South Africa: Discovery Health, Discovery Life, Discovery Collective Investments and Discovery Investment Services, Discovery Vitality and Discovery Insure. In the U.K., Co., via a subsidiary, Discovery Offshore Holdings Limited, has a joint venture with Prudential plc., the PruProtection group of companies, which provide health and life insurance products. In the U.S., The Vitality Group Inc. provides Vitality as a stand-alone product.
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