On April 1, 2021, Russia's Analytical Credit Rating Agency (ACRA) affirmed the credit rating of SCOR PERESTRAKHOVANIYE (SCOR P.O.) at AAA(RU), with a stable outlook, the rating agency informed.
The credit rating of SCOR Perestrakhovaniye (SCOR P.O.) (hereinafter, the Company) is based on the very high likelihood of extraordinary support from the parent company, which has high creditworthiness. The Company's standalone creditworthiness assessment (SCA) is moderately high due to its strong business and financial profiles and the adequate quality of corporate governance.
SCOR P.O. is a universal reinsurance company and a wholly owned subsidiary of SCOR S.E., one of the world's largest reinsurers (hereinafter, the Group, the Supporting Organization, or the SO). The Company provides reinsurance coverage to insurers in Russia, Armenia, Moldova, Kazakhstan and other CIS countries, as well as in Georgia and Mongolia.
