Each of Moody’s, S&P and Fitch assess the operating environment, business profile and financial profile of insurance companies by scoring and then combining credit factors to arrive at a standalone rating. Furthermore all three agencies use peer group analysis as a check on their final rating.
Key learning objectives:
Identify the different methodologies used by the three rating agencies
What are the three types of credit factors used in rating methodologies?
What is an IICRA score?