Sagicor Q4 2020 Business Overview and Growth Strategy
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Sagicor's credit rating upgraded by S&P to BB+ in Q4 2020
Sagicor Upgraded To 'BB+' From 'BB' On Consistently Stronger Capital Adequacy, Outlook Stable
"(S&P Global Ratings) We're upgrading Sagicor group (Sagicor) because we think its capitalization will
remain strong in the next few years following the capital injection from its new shareholders after the
group completed the business combination transaction with Alignvest in December 2019.
Sagicor's total adjusted capital has improved, and we expect it to remain above our 'A' benchmark in
2020-2022 despite the hit to earnings this year and the planned acquisition of the CLICO and BAT
portfolios. As a result, we're revising the group credit profile (GCP) upward to 'bbb' from 'bbb-'...
We also raised our issue-level rating on SF15's $320 seven-year senior unsecured notes due 2022 to
'BB+' from 'BB'.
The outlook is stable, which reflects our expectation that the group will maintain its credit fundamentals in
the next two years, despite the challenging conditions."
November 25, 2020
Q4 2020 18View entire presentation