Euler Hermes has been upgraded to AA by Standard and Poors

05.12.2017

Following Allianz’ recent announcement to buy out all of the minority shareholders in Euler Hermes, hence making Euler Hermes a fully owned subsidiary of the Allianz group, Standard & Poors reviewed the status of three Euler Hermes operating companies’ from “strategically important’ to a ‘core” ’ part of the Allianz Group.

 

Subsequently, and with effect from 1st December 2017, the AA-rating has been reviewed to AA, with a stable outlook. This stable outlook reflects the outlook of the Allianz Group. In their press release, S&P share their belief on Euler Hermes’ strong growth prospects, and their view on Euler Hermes’ increasingly important role within Allianz Group.

According to S&P, this minority share buy-out demonstrates Allianz’ commitment to incorporate Euler Hermes’s business into their overall strategy more deeply.

 

Euler Hermes recognises this upgrade in the S&P rating as a proof of the positive impact of their strategy and ongoing commitment to market excellence, as well as a recognition of their contribution to Allianz Group’s strategy.