Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
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.