BUPA Finance PLC Moody's affirms Bupa Insurance Limited's Rating (4033J)
April 09 2020 - 7:13AM
UK Regulatory
TIDMBUPF
RNS Number : 4033J
BUPA Finance PLC
09 April 2020
Moody's affirms Bupa Insurance Limited's Insurance Financial
Strength Rating at 'A1' - outlook changes from stable to
negative
Credit rating agency Moody's Investor Services (Moody's) has
affirmed the A1 Insurance Financial Strength Rating (IFSR) of Bupa
Insurance Limited, a UK operating subsidiary of The British United
Provident Association Limited group (Bupa/the Bupa Group).
Moody's has also affirmed the senior and subordinated debt
ratings of Bupa Finance plc, the main financing company, and an
intermediate holding company, in the Bupa Group.
The outlook has been changed to negative from stable for both
Bupa Insurance Limited and Bupa Finance plc.
A full list of ratings impacted is available at the end of this
press release.
See the full announcement from Moody's here .
List of affected ratings:
Rating Prior
Rating Outlook Rating Outlook
Bupa Insurance Ltd
Insurer financial strength A1 (affirmed) Negative A1 Stable
Bupa Finance plc
Senior Unsecured A3 (affirmed) Negative A3 Stable
Subordinated (guaranteed) A3 (hyb) (affirmed) Negative A3 (hyb) Stable
Subordinated (unguaranteed) Baa1 (hyb) (affirmed) Negative Baa1 (hyb) Stable
Enquiries
Media
Rupert Gowrley (Corporate Affairs): rupert.gowrley@bupa.com
Investors
Gareth Evans (Treasury): garethevans@bupa.com
About Bupa
Bupa's purpose is helping people live longer, healthier, happier
lives. With no shareholders, our customers are our focus. We
reinvest profits into providing more and better healthcare for the
benefit of current and future customers.
Health insurance accounts for the major part of our business
with 17.5m customers and contributes 73% of revenue. We operate
clinics, dental centres and hospitals in some markets, with 15.8m
customers. We care for around 22,000 residents in our aged care
businesses in the UK, Australia, New Zealand and Spain.
We directly employ around 83,000 people, principally in the UK,
Australia, Spain, Chile, Poland, New Zealand, Hong Kong, Turkey,
Brazil, the US, Middle East and Ireland. We also have associate
businesses in Saudi Arabia and India.
For more information, visit www.bupa.com .
END
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END
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April 09, 2020 08:13 ET (12:13 GMT)
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