The Global Risks Report 2019
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OnePath Life - Financial Strength Rating Change

Following the purchase of Express Scripts Holding Co by Cigna, the S&P Ratings Agency have lowered the Credit Rating of Cigna Corporation and therefore that of OnePath Life.

The rating has changed from A+ (Strong) to A (Strong).

OnePath Life (NZ) Limited has an A (Strong) current insurer financial strength rating under the Insurance (Prudential Supervision) Act 2010 from Standard & Poor's (Australia) Pty Limited.

A summary of Standard & Poor's rating scale is:

AAA Extremely Strong

AA Very Strong

A Strong

BBB Good

BB Marginal

B Weak

CCC Very Weak

CC Extremely Weak

SD or D Selective default or default

R Regulatory Action

NR Not rated

Ratings from "AA" to "CCC" may be modified by the addition of a plus or minus sign to show relative standing within the major rating categories.

The full rating scale is available from Standard and Poor's at www.standardandpoors.com

 

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