Moody's confirms SCOR's rating

Moody's confirmed SCOR's "Aa3" financial strength rating. The outlook has shifted from negative to stable.

The rating agency says the pandemic-related losses should not affect the group's credit profile in 2021. Moreover, SCOR's solvency level, which has held up well during the crisis, remains high.

The rating reflects the quality of the group's business assets, its excellent commercial positioning as well as its diverse risk portfolio.

The rating agency expects an overall growth in profitability by 2022.