TIDMBUPF

RNS Number : 4033J

BUPA Finance PLC

09 April 2020

Moody's affirms Bupa Insurance Limited's Insurance Financial Strength Rating at 'A1' - outlook changes from stable to negative

Credit rating agency Moody's Investor Services (Moody's) has affirmed the A1 Insurance Financial Strength Rating (IFSR) of Bupa Insurance Limited, a UK operating subsidiary of The British United Provident Association Limited group (Bupa/the Bupa Group).

Moody's has also affirmed the senior and subordinated debt ratings of Bupa Finance plc, the main financing company, and an intermediate holding company, in the Bupa Group.

The outlook has been changed to negative from stable for both Bupa Insurance Limited and Bupa Finance plc.

A full list of ratings impacted is available at the end of this press release.

See the full announcement from Moody's here .

List of affected ratings:

 
                                            Rating                       Prior 
                               Rating                  Outlook    Rating       Outlook 
 Bupa Insurance Ltd 
 Insurer financial strength    A1 (affirmed)           Negative   A1           Stable 
 
 Bupa Finance plc 
 Senior Unsecured              A3 (affirmed)           Negative   A3           Stable 
 Subordinated (guaranteed)     A3 (hyb) (affirmed)     Negative   A3 (hyb)     Stable 
 Subordinated (unguaranteed)   Baa1 (hyb) (affirmed)   Negative   Baa1 (hyb)   Stable

Enquiries

Media

Rupert Gowrley (Corporate Affairs): rupert.gowrley@bupa.com

Investors

Gareth Evans (Treasury): garethevans@bupa.com

About Bupa

Bupa's purpose is helping people live longer, healthier, happier lives. With no shareholders, our customers are our focus. We reinvest profits into providing more and better healthcare for the benefit of current and future customers.

Health insurance accounts for the major part of our business with 17.5m customers and contributes 73% of revenue. We operate clinics, dental centres and hospitals in some markets, with 15.8m customers. We care for around 22,000 residents in our aged care businesses in the UK, Australia, New Zealand and Spain.

We directly employ around 83,000 people, principally in the UK, Australia, Spain, Chile, Poland, New Zealand, Hong Kong, Turkey, Brazil, the US, Middle East and Ireland. We also have associate businesses in Saudi Arabia and India.

For more information, visit www.bupa.com .

END

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END

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April 09, 2020 08:13 ET (12:13 GMT)

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