25 years: Treasury & ratings
In this video Gurdip outlines how the insurance rating criteria have been used by the rating agencies to assess the impact of COVID-19 on insurance companies.
In this video Gurdip outlines how the insurance rating criteria have been used by the rating agencies to assess the impact of COVID-19 on insurance companies.
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16 mins 59 secs
In addition to the tragic loss of life, there have been negative economic and financial consequences of Covid-19 on many individuals, companies and governments throughout the world. Since the start of the pandemic, the credit profiles of a large number of entities have deteriorated as a result of revenue declines due to lock-downs, declines in financial markets, especially at the start of the pandemic, and low oil prices. The insurance rating criteria have been used by the rating agencies to assess the impact of Covid-19 on insurance companies.
Key learning objectives:
Understand how the rating criteria and issuer rating reports can be used to understand the approach of the rating agencies to Covid-19.
Understand how COVID-19 has affected the insurance companies
Understand how rating agencies have responded to COVID-19
Identify the most impacted credit rating factors due to Covid-19
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The rating agencies have taken a large number of negative rating actions across various industry sectors. Negative rating actions are rating downgrades, credit watch negatives, or changes in outlooks from stable to negative and positive to stable.
This content is also available as part of a premium, accredited video course. Sign up for a 14-day trial to watch for free.