The international rating agency has upgraded the insurer ratings to A+ and A in the long-term.

Lisbon, September 27, 2024. The American rating agency Fitch announced today that it has upgraded Fidelidade’s ratings from A to A+ (IFS – Insurer Financial Strength) and from A- to A (IDR – Issuer Default Rating), maintaining a stable outlook. These are the highest Fitch ratings among Portuguese companies.

Fitch highlighted Fidelidade’s sound business profile, strong capitalization, robust financial performance, profitability, and low investment portfolio risk.

This upgrade confirms that Fidelidade’s strategy over recent years has continually reinforced its financial soundness.

Information about the Fitch Rating Fitch Upgrades Fidelidade to IFS 'A+'; Outlook Stable (fitchratings.com)