Moody's confirms Grupo Catalana Occidente's A2 rating in the credit insurance business, with a stable outlook

"The rating agency has confirmed the A2 rating for Grupo Catalana Occidente's main operating companies in credit insurance, where it operates through Atradius (Atradius Crédito y Caución and Atradius Re). "

The agency values the strong presence in the Atradius market, which is the second largest global operator in credit insurance, its robust capitalisation, which is based on dynamic exposure management and the return on its subscription based portfolio.

Moody's highlights Atradius' conservative balance sheet profile and its good liquidity position, as well as the risk management carried out during the coronavirus pandemic, which has enabled it to improve its resilience to the crisis, giving a stable outlook to its rating.