August 02, 2005 04:25 ET

Standard & Poor's upgrades SCOR Group to 'A-, stable outlook'

Paris-La Défense Cedex -- (MARKET WIRE) -- August 2, 2005 -- Paris, 1 August 2005

SCOR Group is very pleased to announce today that the Group has regained its "A-, stable outlook" rating from Standard & Poor's ("S&P") Rating Agency, a rating that is considered 'strong' by S&P.

The return of the Group into the "A" rated category recognizes SCOR's success of its recovery plan throughout the last two years and a half. It confirms the Group's financial strength and high level of solvency. Today, based on its current level of capital, SCOR is well positioned to continue its disciplined underwriting approach on chosen markets and selected clients and pursue prudent investment strategies.

The SCOR Group extends its warm thanks to its loyal clients without whom this recovery would not have been possible.

The SCOR Group also extends its sincere thanks to its shareholders who have financed its re-capitalization through their continued support in capital increases. This continued confidence in the recovery plan is confirmed today. In turn, the Group is committed to providing continued shareholder value for the years to come.

The upgrading of SCOR Group to "A-, stable outlook" level will assist us in our risk selection process and focus on profitability in what already is a very competitive underwriting environment.


* *

2005 Timetable

First half year results 2005 1 September 2005

Third quarter results 2005 3 November 2005

Certain statements contained in this press release relating to SCOR's plans, strategies and beliefs are forward-looking in nature and are based on management's assumptions and beliefs in light of the information currently available. The forward-looking statements involve risks and uncertainties that could cause actual results, performance or events to differ materially from those in such statements. Additional information regarding risks and uncertainties is set forth in the current annual report of the company.

For further information, please contact: SCOR

Godefroy de Colombe + 33 (0)1 46 98 73 50 - Director for Public Affairs

Stéphane Le May + 33 (0)1 46 98 70 61 - Investor Relations Officer

This information is provided by CompanynewsGroup

Contact Information