Magazine date:
Oct 2010 Fitch Rating, which granted Scor SE and its subsidiaries an “A” rating for its financial soundness, has revised the group's outlook upwards from “stable” to “positive”. To justify its rating, the agency has relied on the cautious placement strategy, the reduction of indebtedness ratio and the maintaining of the capital at a high level. The excellent portfolio diversification, the company's positioning and its capacity to reap profits regularly have also played a positive role in this appraisal. Scor has unveiled its 2010-2013 strategic development plan, named “Strong Momentum”. It is targeting a rating objective of “AA” (S&P), a 5% growth of the turnover.