Fitch affirms MAPFRE Sigorta’s ‘Stable and Strong’ position!
The International Credit Rating Agency Fitch Ratings confirmed MAPFRE Sigorta’s National Insurer Financial Strength (IFS) Rating at AA+ (Tur), outlook ‘stable’.
Fitch Ratings, the international credit rating agency, has affirmed MAPFRE Sigorta’s National Insurer Financial Strength (IFS) Rating at ‘AA+(tur)’, with ‘stable’ outlook. The rating report predicts that MAPFRE Sigorta will maintain its commitment to the Turkish market despite economic uncertainties, with the strength it derives from its well-established network of business partners in Turkish insurance industry as well as benefiting from MAPFRE Group’s expertise in corporate governance, operational support and risk management. In the report, MAPFRE Sigorta is assessed as “Important” for the MAPFRE Group and its business profile was rated ‘favorable’ among other Turkish insurance companies