OSLO: AM Best has revised the outlook for Protector Forsikring’s Long-Term Issuer Credit Rating (Long Term ICR) of BBB+ from stable to negative.
The negative outlook on the Long-Term ICR reflects according to AM Best the deteriorating trend in risk-adjusted capitalisation seen over recent years and the potential for further decline in 2020 due to financial markets volatility. The outlook on the Financial Strength Rating (FSR) is stable.