Tryg A/S
Tryg has been assigned an ‘A2’ rating from Moody’s
Tryg A/S / Miscellaneous 29-Apr-2016 / 09:31 CET/CEST Dissemination of a Regulatory Announcement, transmitted by EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Tryg has been assigned an 'A2' financial strength rating from Moody's. The rating is assigned to the two operating entities, Tryg Forsikring and Tryg Garanti. Additionally, Moody's has assigned a Baa1 rating on the subordinated debt issued by Tryg Forsikring. The ratings of the issuers have a positive outlook. In its press release, Moody's notes that 'the 'A2' IFSR reflects Tryg's leadership position in Property & Casualty (P&C) insurance in the Nordic region, its strong profitability both from a return on capital and underwriting (combined ratio) perspective, very good asset quality and relatively low financial leverage.' Moody's also note that 'other credit strengths include a relatively conservative investment philosophy compared to direct Nordic peers, and relatively low adjusted financial leverage of 15% at end of 2015.' At the same time, Tryg has decided to terminate the rating agreement with Standard & Poor's (S&P). Tryg appreciates the good cooperation with S&P since Tryg's IPO in 2005. Click on, or paste the following link into your web browser, to view the associated documents https://cns.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=559240 News Source: NASDAQ OMX --------------------------------------------------------------------------- 29-Apr-2016 The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap.de/ukreg --------------------------------------------------------------------------- Language: English Company: Tryg A/S . . . Dänemark Phone: . Fax: . E-mail: . Internet: . ISIN: DK0060013274 Category Code: MSC TIDM: 0GBV Sequence Number: 3126 Time of Receipt: 29-Apr-2016 / 09:31 CET/CEST End of Announcement EQS News Service
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