News Coronavirus watch30 Mar 2020

Australia:S&P revises insurer's outlook due to COVID-19


Amid financial market volatility triggered by COVID-19, Australia's largest provider of annuities, Challenger Life (CLC), has a slightly higher asset risk exposure than that of peers and required some de-risking. However, the firm is expected to maintain its substantial financial profile and strong business profile according to S&P Global Ratings which revised its outlook for CLC to stable from positive.

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