S&P upgrades RSA to A
Ratings agency gives insurer a stable outlook.
Standard & Poor's (S&P) has raised RSA to A from A- for its counterparty credit and insurer financial strength ratings.
At the same time it assigned the provider a stable outlook and removed the CreditWatch which had been in place since 16 December when it lowered the ratings.
The agency said the actions reflected its expectation of a material improvement in RSA's prospective balance sheet strength following the announcement of a £775m rights issue.
As well as the planned increase in capital, S
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