Standard & Poor’s upgraded AG2R LA MONDIALE rating to A- outlook positive
News - 02/10/2018

Standard & Poor’s (S&P) has confirmed the A- rating of the SGAM AG2R LA MONDIALE and its core entities (La Mondiale, AG2R Réunica Prévoyance, Prima and Arial CNP Assurances). The Outlook goes from Stable to Positive.

“This improvement in our Outlook is recognition for our operational performance, and for the reinforcement of our financial solidity and our capital. Our proposed rapprochement with the MATMUT Group is also considered as a positive element in terms of our future competitive position in the market and diversification of risk” said André Renaudin, Director General.

“This new Outlook reflects the confidence investors have in us. The very successful bond issues that La Mondiale realised in last December and January attest to this.  In the coming months the Group is likely to benefit from potential changes to the regulatory environment, notably because of the proposed “Pacte” law” adds David Simon, member of the executive committee in charge of finance, investments, and risk.

S&P also highlighted the ability of AG2R LA MONDIALE to mitigate its sensitivity to interest rates while improving its financial solidity and protecting the interests of its policyholders.

This Outlook Positive rating is given for a term of up to 18 to 24 months. After that period S&P may improve the rating of AG2R LA MONDIALE if the Group achieves the objectives which it has set itself, namely the success of its rapprochement with the MATMUT Group*, the maintenance of satisfactory operational performance and controlling interest-rate sensitivity in a low-interest rate environment.

* Subject to approval by the Autorité de Contrôle Prudentiel et de Résolution (ACPR).