Three Suramericana subsidiaries maintain their Triple A ratings
Medellin, May 29, 2015 - The financial strength ratings held by Suramericana´s insurance subsidiaries , Seguros de Vida Suramericana S.A. (life), Seguros Generales Suramericana S.A. (property and casualty) and Seguros de Riesgos Laborales Suramericana S.A. (workers´ compensation), were reaffirmed by the local ratings agency, BRC Standard & Poor's, which maintained their Triple A ratings , these being the highest ratings given for exceptional security and financial strength.
The ratification of these credit ratings was based on the following:
• Strong competitive positions.
• Market leadership.
• Superior brand recognition.
• Favorable technical results.
• The degree of coverage provided by its investment portfolio in terms of technical reserves.
• Solvency ratios.
International credit ratings
It is worthwhile pointing out that all three subsidiaries have received from Standard & Poor's Rating Services international BBB ratings for their financial strength, together with stable outlooks, as well as BBB issuer ratings. Also, the insurance subsidiaries Seguros de Vida Suramericana S.A. (life) and Seguros Generales Suramericana S.A. (property and casualty) were awarded international Baa2 ratings , with stable outlooks, by Moody's Investor Services