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Sagicor Financial Company Ltd. Announces Credit Rating Upgrades by S&P Global Ratings and Fitch Ratings

Newswire.ca - Thu Oct 5, 2023

TORONTO and BARBADOS, Oct. 5, 2023 /CNW/ - Sagicor Financial Company Ltd. ("Sagicor" or the "Company") (TSX: SFC) announces that S&P Global Ratings ("S&P") recently upgraded its Issuer Credit Rating (ICR) on the Company to 'BBB' from 'BB+'. S&P also raised the issue-level rating on Sagicor's senior unsecured notes to 'BBB' from 'BB+'. As well, the Group Credit Profile (GCP) was revised upward to 'a-' from 'bbb'. The outlook is stable.

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