Aviva could have its credit rating cut if its £3.7bn takeover of rival home and motor insurer Direct Line goes through.
AM Best said: ‘The ratings will remain under review until the group’s post-acquisition credit fundamentals are more clear.’
Aviva sealed the deal with Direct Line just before the Christmas Day deadline
Aviva has a financial strength score of A+ and an AA- credit rating, the second highest available from AM Best.
Specialist ratings agency AM Best said it had put Aviva’s long term credit and financial strength scores under review due to uncertainty over how the deal will affect its finances.
Lloyd: I saw it the other way at first. I was watching with my missus and…
Flying for a private aviation company since 2016, he has seen plenty of fires including…
Other customers reported that self-checkout was closed during specific hours, and more cashiers were offered…
Recommended DEI Literally Dangerous! Female LA Firefighter Blames Victims if She Lacks Skills and Muscle…
It was a good start to the new golf league, which was set to debut…
The Supreme Court's decision to fast-track the case comes as President-elect Trump has signaled apparent…