Fitch rates Rothesay Life Plc’s Tier 2 subordinated notes 'BBB+'
Fitch has published Rothesay Life Plc’s Tier 2 subordinated notes (ISIN XS1312953596) at 'BBB+' and affirmed the company’s restricted Tier 1 subordinated notes’ at 'BBB-'.
At the same time, Fitch Ratings has affirmed Rothesay Life Plc Insurer Financial Strength (IFS) Rating at 'A+' (Strong) and Long-Term Issuer Default Rating (IDR) at 'A'. Fitch has also affirmed the group's ultimate holding company, Rothesay Holdco UK Limited's (Rothesay) IDR at 'A'. The Outlooks are Stable.
See the press release from Fitch here.