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Mapfre Group Aug 10

Standard & Poors, August 2010

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research Type: Full Analysis

Abstract
Please note that the ratings covered by this full analysis apply only to core entities of the group, which are listed below. These ratings do not apply to any noncore or unrated entities of the group. Ratings assigned to noncore entities of the group are published individually. Very strong competitive position in Spain and Latin America. Very strong capitalization. Very strong operating performance. Positive management. Challenging economic and financial climate in Spain, Mapfre's core market. The ratings on Mapfre Global Risks, Compa--a Internacional de Seguros y Reaseguros, S.A. and Mapfre Re Compa--a de Reaseguros, S.A., core operating entities of the Spain-based Mapfre insurance group (Mapfre), reflect Mapfre's very strong competitive position in Spain and Latin America, its very strong capitalization,...

Companies mentioned in this report are: Mapfre Global Risks, Compania Internacional de Seguros y Reaseguros S.A.,Mapfre Re, Compania de Reaseguros, S.A.,Mapfre S.A.
Action: Review

Mapfre Global Risks, Compania Internacional de Seguros y Reaseguros S.A.,Mapfre Re, Compania de Reaseguros, S.A.,Mapfre S.A.

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