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Fitch Upgrades Mapfre's Rating on 'Better Diversified' International Earnings; Outlook Stable

MT Newswires·11/12/2026 09:04:54
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09:04 AM EST, 11/12/2026 (MT Newswires) -- Fitch upgraded Mapfre's (MAP.MC) issuer default rating to A+ from A, with a stable outlook, according to a Thursday release. The upgrade reflects the insurance company's "better diversified" international earnings across jurisdictions, leading to the rating agency's revision of its notching approach to reflect group solvency regulatory environment. Mapfre's leading franchise in Spain and Latin America and "very strong" capitalization and financial performance were also cited as reasons for the upgrade.