Moody's revises SCOR's outlook downwards

Moody’s has confirmed SCOR's "Aa3" financial strength rating. The rating reflects the group's good position in the life and non-life markets, its diversified business profile, its conservative investment portfolio and its very sound capital adequacy.

However, the rating agency has downgraded the reinsurer's outlook from stable to negative. This decision came in the wake of the deterioration of SCOR's profitability due to an increase in claims related to natural catastrophes.