03.06.2011 |
The international rating agency Standard & Poor's reconfirmed the current 'A' rating for UNIQA Group's operative core companies and the 'A-' rating for the Group's holding company UNIQA Versicherungen AG on 3 June 2011.
In their rating, S&P explicitly stressed UNIQA Group's financial strength and financial flexibility, which, according to the rating agency, are further underpinned by the significant capital increase announced by the new (from 1.7. 2011) management of the Group a few days ago. According to the plans, UNIQA Group's free float is intended to be raised to up to 49% in the course of this capital measure, which is planned for 2013, while the two core shareholder groups, the Raiffeisen Bank Group on the one and Austria Privatstiftung and the Collegialität Versicherungsverein on the other hand, could lower their stake to 51%.
In their analysis, S&P assumed that UNIQA will maintain its strong competitive position in Austria and that it will expand its positions in Central and Eastern Europe. This will make the further geographic diversification of earnings and results possible.
Vienna, 3. June 2011