Groupama chief blasts Standard & Poor's after downgrade

Andrew Pearce
25 Jun 2012

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

Francois-Xavier Boisseau was left fuming following S&P's downgrade of Groupama S.A.from BBB- to BB, a move which has thrown the health of its UK subsidiary into the spotlight once again.

But Mr Boisseau told Insurance Age that the UK arm had previously had a request rejected by S&P to have its operations rated separately.

Describing the situation as "frustrating" Mr Boisseau said: "We discovered it's a very dogmatic approach by the rating agency, they don't want to give a rating to the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected].

You are currently unable to print this content. Please contact [email protected] to find out more.

You are currently unable to copy this content. Please contact [email protected] to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]