Insurer Financial Strength Ratings
Last update: 2 August 2019
Ratings from "AA" to "CCC" may be modified by the addition of a plus (+) or minus (-) sign to show relative standing within the rating categories.
|"AAA"||An insurer rated "AAA" has EXTREMELY STRONG financial security characteristics. "AAA" is the highest Insurer Financial Strength Rating assigned by Standard & Poor’s.|
|"AA"||An insurer rated "AA" has VERY STRONG financial security characteristics, differing only slightly from those rated higher.|
|"A"||An insurer rated "A" has STRONG financial security characteristics, but is somewhat more likely to be affected by adverse business conditions than are insurers with higher ratings.|
|"BBB"||An insurer rated "BBB" has GOOD financial security characteristics, but is more likely to be affected by adverse business conditions than are higher rated insurers.|
|"BB", "B", "CCC" and "CC"||An insurer rated "BB" or lower is regarded as having vulnerable characteristics that may outweigh its strengths. "BB" indicates the least degree of vulnerability within the range and "CC" the highest.|
|"BB"||An insurer rated "BB" has MARGINAL financial security characteristics. Positive attributes exist, but adverse business conditions could lead to insufficient ability to meet financial commitments.|
|"B"||An insurer rated "B" has WEAK financial security characteristics. Adverse business conditions will likely impair its ability to meet financial commitments.|
|"CCC"||An insurer rated "CCC" has VERY WEAK financial security characteristics, and is dependent on favourable business conditions to meet financial commitments.|
|"CC"||An insurer rated "CC" has EXTREMELY WEAK financial security characteristics and is likely not to meet some of its financial commitments.|
|"SD" and "D"||An insurer rated "SD" (selective default) or "D" is in default on one or more of its insurance policy obligations.|
* Based on the S&P Long-Term Insurer Financial Strength Ratings.
A Standard & Poor's rating outlook assesses the potential direction of a long-term credit rating over the intermediate term (typically six months to two years). In determining a rating outlook, consideration is given to any changes in the economic and/or fundamental business conditions.
Data source: Standard & Poor's Ratings Services