The American financial rating agency Fitch announced on December 5, 2023, that it has upgraded Fidelidade Macau's IFS Rating to 'A' (Strong); Outlook Stable, one of the highest ratings in the Macao Special Administrative Region.
To obtain this solid and upgraded Rating, Fitch highlighted several key drivers for this achievement. The company's strategic role to its parent company, Portugal-based composite insurer Fidelidade – Companhia de Seguros; the 'Strong' Capitalisation, reaffirming that the importance of capital adequacy is expected to remain strong; and Favourable Profitability reflecting the company’s satisfactory return on equity and a combined ratio below the ratio guideline for 'A' rated insurers, based on Fitch's methodology.
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