|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||11.25 - 11.25|
|52 Week Range||10.35 - 12.54|
|Beta (3Y Monthly)||0.94|
|PE Ratio (TTM)||10.47|
|Forward Dividend & Yield||0.50 (4.27%)|
|1y Target Est||N/A|
Moody's Investors Service has today assigned an A3(hyb) rating to the EUR500 million dated subordinated notes due 2029 issued by CNP Assurances (CNP, rated A1 for insurance financial strength, stable outlook) under its EUR7 billion EMTN programme. The A3(hyb) rating of the debt reflects (i) the ranking of the debt (subordinated), (ii) the mandatory coupon deferral mechanism (in case of breach of regulatory capital requirements) and (iii) the cumulative nature of deferred coupons, in case of deferral. The new subordinated debt will rank pari passu with existing Tier 2 and Tier 3 subordinated debt issued by CNP, but will rank senior to the restricted Tier 1 debt issued in 2018.
Moody's Investors Service has today assigned a Baa3 (hyb) rating to the proposed perpetual restricted Tier 1 notes to be issued by CNP Assurances (A1 insurance financial strength rating, stable outlook). The proposed notes will be partially or fully written down if the group's solvency ratio breaches certain triggers. Moody's approach to rating such "high trigger" contingent capital securities is described in its cross-sector insurance rating methodology Assigning Instrument Ratings for Insurers (https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_1093824).
Moody's Investors Service has today assigned an A1 insurance financial strength rating (IFSR) to CNP Assurances (CNP) with a stable outlook. CNP is the leading French life insurer primarily selling life insurance savings and protection products through the networks of La Banque Postale (unrated) and BPCE (A2 positive, adjusted BCA baa2). The group also operates in Brazil where it has a joint venture with Caixa Economica Federal (CAIXA) (Ba3 stable, BCA b1), one of the largest banks in the country.