(Alliance News) - S&P Global Ratings has raised Revo Insurance's rating from 'BBB+' to 'A-,' with a Stable outlook, as announced Friday morning.
"The upgraded outlook revision, which brings the company's rating away from the sovereign rating, is effective June 20 and reflects the company's balance sheet analysis and earnings progression," the released note said.
Revo Insurance closed Thursday's session in the green by 0.2 percent at EUR9.06 per share.
By Maurizio Carta, Alliance News reporter
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