AI assistant
Tryg — Regulatory Filings 2016
Apr 29, 2016
3389_rns_2016-04-29_9a662a39-9040-40e6-a893-0791890274af.pdf
Regulatory Filings
Open in viewerOpens in your device viewer
Tryg A/S / Miscellaneous
29-Apr-2016 / 09:31 CET/CEST
Dissemination of a Regulatory Announcement, transmitted by EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Tryg has been assigned an 'A2' financial strength rating from Moody's. The rating is assigned to the two operating entities, Tryg Forsikring and Tryg Garanti. Additionally, Moody's has assigned a Baa1 rating on the subordinated debt issued by Tryg Forsikring. The ratings of the issuers have a positive outlook.
In its press release, Moody's notes that 'the 'A2' IFSR reflects Tryg's leadership position in Property & Casualty (P&C) insurance in the Nordic region, its strong profitability both from a return on capital and underwriting (combined ratio) perspective, very good asset quality and relatively low financial leverage.'
Moody's also note that 'other credit strengths include a relatively conservative investment philosophy compared to direct Nordic peers, and relatively low adjusted financial leverage of 15% at end of 2015.'
At the same time, Tryg has decided to terminate the rating agreement with Standard & Poor's (S&P). Tryg appreciates the good cooperation with S&P since Tryg's IPO in 2005.
Click on, or paste the following link into your web browser, to view the associated documents
https://cns.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=559240
News Source: NASDAQ OMX
29-Apr-2016 The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Media archive at www.dgap.de/ukreg
Language: English
Company: Tryg A/S
. DÄnemark
Phone: .
Fax: .
E-mail: .
Internet: .
ISIN: DK0060013274
Category Code: MSC
TIDM: 0GBV
Sequence Number: 3126
Time of Receipt: 29-Apr-2016 / 09:31 CET/CEST
End of AnnouncementEQS News Service