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Sagicor Financial Company Ltd. Announces Credit Rating Upgrade by S&P Global Ratings
Sagicor Financial Company Ltd. Announces Credit Rating Upgrade by S&P Global Ratings ...
About this update from Sagicor Financial Co. Ltd. Class A
[{"type":"text","content":"\n \n \n \n Sagicor Financial Company Ltd. Announces Credit Rating Upgrade by S&P Global Ratings\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n (USD, unless otherwise noted)\n \n \n \n TORONTO\n \n and\n \n BARBADOS\n \n ,\n \n Dec. 8, 2020\n \n /CNW/ - Sagicor Financial Company Ltd. (TSX: SFC) \"Sagicor\" or \"Company\") announces that S&P Global Ratings (\"S&P\") recently raised its issuer credit ratings on the Company to 'BB+' from 'BB'. As well, the group credit profile (GCP) was revised upward to 'bbb' from 'bbb-'. The outlook is stable. The full press release from S&P is available on the investor relations section of the Company's website at\n \n www.sagicor.com\n \n .\n \n \n \"We are pleased S&P has upgraded Sagicor,\" said\n \n Dodridge Miller\n \n , Group President and CEO. \"We are particularly pleased to be upgraded in light of the current economic environment and believe our group rating reflects that Sagicor is resilient, well-capitalized, and diversified across its many geographies and lines of business.\"\n \n \n \n \n Cautionary Statements\n \n \n \n \n \n Certain information\n \n \n contained in this news release may be forward-looking statements within the meaning of Canadian securities laws. Forward-looking statements are often, but not always identified by the use of words such as \"expect\", \"anticipate\", \"believe\", \"foresee\", \"could\", \"estimate\", \"goal\", \"intend\", \"plan\", \"seek\", \"will\", \"may\", \"would\" and \"should\" and similar expressions or words suggesting future outcomes. This news release includes forward-looking information and statements pertaining to the credit rating of the Company. These forward-looking statements reflect material factors and expectations and assumptions of Sagicor. Sagicor's estimates, beliefs and assumptions are inherently subject to uncertainties and contingencies regarding future events and as such, are subject to change. Risks and uncertainties not presently known to Sagicor or that it presently believes are not material could cause actual results or events ...