QBE Insurance Group Achieves Credit Rating Upgrade

QBE Insurance Group Limited ( (AU:QBE) ) has shared an announcement.

QBE Insurance Group Limited has announced that Fitch Ratings has upgraded the Financial Strength Rating of its core operating entities to AA- from A+, and its long-term Issuer Default Rating to A from A-, both with a stable outlook. This upgrade follows a similar rating increase by S&P Global Ratings and marks a significant milestone in QBE’s efforts to strengthen its business quality and resilience, potentially impacting its market positioning and stakeholder confidence positively.

The most recent analyst rating on (AU:QBE) stock is a Buy with a A$19.30 price target. To see the full list of analyst forecasts on QBE Insurance Group Limited stock, see the AU:QBE Stock Forecast page.

More about QBE Insurance Group Limited

QBE Insurance Group Limited is a prominent player in the insurance industry, offering a wide range of insurance products and services. The company is focused on enhancing the quality and resilience of its business operations.

Average Trading Volume: 3,714,269

Technical Sentiment Signal: Buy

Current Market Cap: A$35.03B

Learn more about QBE stock on TipRanks’ Stock Analysis page.