QBE ratings affirmed by S&P & outlook revised to positive

S&P Global Ratings (“S&P”) today revised the rating outlook on QBE Insurance Group Limited (QBE), QBE’s core operating entities and other subsidiaries1 to “Positive” from “Stable”. At the same time, S&P affirmed the ‘A+’ financial strength ratings (FSR) on QBE’s core operating companies and ‘A-‘ issuer credit rating (ICR) on QBE. Commenting on the rating agency’s release, John Neal, QBE Group CEO