Gjensidige Forsikring’s Bond Receives ‘BBB+’ Rating

Gjensidige Forsikring ASA (GB:0OJC) has released an update.

Gjensidige Forsikring ASA, a leading Nordic insurance group, has been assigned a ‘BBB+’ rating by S&P Global Ratings for its NOK 900 million subordinated bond. The issuance is expected to enhance Gjensidige’s capital base, though a portion may not be included in total adjusted capital due to regulatory thresholds. Investors will be watching the company’s regulatory solvency position closely, as changes could impact the bond’s rating.

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