Utmost Group latest Fitch rating impacted 'slightly' by Quilter deal

clock • 2 min read
Utmost Group latest Fitch rating impacted 'slightly' by Quilter deal

Fitch Ratings has kept Utmost PanEurope, Utmost Limited and Utmost Worldwide on a ‘strong' A rating for insurer financial strength (IFS), while also affirming Utmost Group's issuer default rating (IDR) at BBB+. In its latest rating update, published on 26 July, Fitch said the outlook was ‘stable', reflecting the "group's continued strong capitalisation and leverage, a strong business profile and good financial performance despite challenging market conditions due to the Covid-19 pandemic"....

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