CNP Assurances has announced that the S&P Global Ratings agency has confirmed the ratings of CNP Assurances SA and its subsidiary CNP Caution.

Financial strength remains rated A+ with negative outlook, Tier 2 and Tier 3 subordinated securities are rated A-, while Restricted Tier 1 subordinated securities are rated BBB+.

The maintenance of the negative outlook reflects the rating of the French State, which has an impact on the rating of La Poste Group and that of CNP Assurances as a central entity, states the CNP Assurances press release.

In addition, 'the reaffirmation of the A+ rating by S&P Global Ratings, following the evolution of its capital model, confirms the financial strength of CNP Assurances', said Marie-Aude Thépaute, Chief Executive Officer of CNP Assurances.

'This is underpinned by the Group's business model and strategic orientations, based on the pursuit of our development and the strength of our partnerships', she added.

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