QBE Insurance Group Sees Credit Rating Upgrade to AA-

QBE Insurance Group Limited ( (AU:QBE) ) has issued an update.

QBE Insurance Group Limited announced that S&P Global Ratings has upgraded the Financial Strength Rating and long-term Issuer Credit Rating of its core operating entities to AA- from A+, with a stable outlook. This upgrade signifies a positive impact on QBE’s market positioning, potentially enhancing stakeholder confidence and improving the company’s competitive edge in the insurance sector.

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 range of insurance products and services. The company is headquartered in Sydney, Australia, and focuses on providing financial protection and risk management solutions to a diverse global market.

Average Trading Volume: 4,073,902

Technical Sentiment Signal: Buy

Current Market Cap: A$34.35B

For detailed information about QBE stock, go to TipRanks’ Stock Analysis page.