Rio de Janeiro, October 1st, 2021 \u2013 Risk rating agency Standard&Poor’s Global Ratings kept IRB Brasil RE\u2019s issuer credit rating at \u201cbrAAA\u201d on the Brazilian National scale, with a stable outlook, as informed in a report sent to the company yesterday (September 30th).<\/p>\n\n\n\n
\u201cThe rating is a continuation of the recognition that the company’s financial recovery and credibility measures implemented since the beginning of last year are producing lasting results\u201d, says Carlos Guerra, Executive Vice-President, Risks, Compliance and Legal, at IRB.<\/p>\n\n\n\n
According to the report, S&P conferred a stable outlook on the rating because the agency expects the IRB’s operating performance to \u201cstabilize in coming two years\u201d. \u201cThe outlook also incorporates our expectation that changes in management and board will strengthen the reinsurer’s risk culture and reserve requirements will stabilize, as much of the reserve adjustments due to the due diligence process has been made last year\u201d, as stated in the document.<\/p>\n\n\n\n
While considering that \u201cpast governance issues still affect current operating performance\u201d, S&P, as stated in the report, opines that IRB has made significant improvements in this area. The agency has also assessed that the liquidity of IRB is adequate.<\/p>\n","protected":false},"excerpt":{"rendered":"
In a report, the agency confers a stable outlook on the rating and says it expects the operating performance of IRB to stabilize in coming two years <\/p>\n","protected":false},"author":20,"featured_media":6973,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62],"tags":[],"class_list":["post-1121","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-institutional"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.irbre.com\/en\/wp-json\/wp\/v2\/posts\/1121","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.irbre.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.irbre.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.irbre.com\/en\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"https:\/\/www.irbre.com\/en\/wp-json\/wp\/v2\/comments?post=1121"}],"version-history":[{"count":0,"href":"https:\/\/www.irbre.com\/en\/wp-json\/wp\/v2\/posts\/1121\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.irbre.com\/en\/wp-json\/wp\/v2\/media\/6973"}],"wp:attachment":[{"href":"https:\/\/www.irbre.com\/en\/wp-json\/wp\/v2\/media?parent=1121"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.irbre.com\/en\/wp-json\/wp\/v2\/categories?post=1121"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.irbre.com\/en\/wp-json\/wp\/v2\/tags?post=1121"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}