S&P Global Ratings published its rating update on Credendo – Single Risk

On 16 September 2020, S&P Global Ratings affirmed Credendo – Single Risk’s 'A-' rating and revised the outlook from negative to stable due to the upcoming merger of Credendo – Single Risk with Credendo – Excess & Surety. 
 
S&P confirms that the merger will reinforce Credendo – Single Risk’s integration within Credendo, and that it signals the group’s willingness and ability to support its specialised subsidiary. This rating reflects Credendo – Single Risk’s key role in helping the group achieve its goal of diversifying its activities, thanks to its specialised single-risk business line.
The rating also emphasises Credendo – Single Risk’s business position in the international single-risk niche of credit insurance.