Last checked at 7 Aug 2017 07:01
NEWS RELEASE | www.justgroupplc.co.uk |
7 August 2017
JUST GROUP plc |
JUST RETIREMENT LIMITED RATED A+ BY FITCH |
Just Group plc ("Just", "the Group") is pleased to announce that members of the Group have been assigned inaugural credit ratings by Fitch.
Our principal insurance subsidiary, Just Retirement Limited ("JRL"), has been given an Insurer Financial Strength rating of A+. In addition, both JRL and Just Group plc have achieved Issuer Default Ratings of single A. All three ratings have a stable outlook.
These ratings reflect a number of the Group's strengths, including its capital structure, its well-matched investment strategy, and its strong earnings profile.
Entity | Rating type | Fitch Rating | Outlook |
Just Retirement Limited | Insurer Financial Strength | A+ | Stable |
Just Retirement Limited | Issuer Default Rating | A | Stable |
Just Group plc | Issuer Default Rating | A | Stable |
Rodney Cook, Group Chief Executive, said:
"This ratings assessment is a significant milestone for our business, and further external validation of our attractive business model. JRL's rating is expected to strengthen its position in the defined benefit de-risking market.
We will continue to focus on the execution of our strategy. Our commanding IP-driven pricing advantage and outstanding customer service ensure we are well positioned to deliver innovative solutions to our customers and policyholders. This will enable us to improve shareholder returns over time."
Enquiries
Investors / Analysts
James Pearce, Director of Group Finance Telephone: +44 (0) 7715 085 099 james.pearce@wearejust.co.uk
Paul Kelly, Investor Relations Manager Telephone: +44 (0) 20 7444 8127 paul.kelly@wearejust.co.uk
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Media
Stephen Lowe, Group Communications Director Telephone: +44 (0) 1737 827 301 press.office@wearejust.co.uk
Temple Bar Advisory Alex Child-Villiers William Barker Telephone: +44 (0) 20 7002 1080 |
FINANCIAL CALENDAR
| DATE |
Interim results for the six months to 30 June 2017 | 13 September 2017 |
A copy of this announcement will be available on the Group's website www.justgroupplc.co.uk
JUST GROUP PLC
GROUP COMMUNICATIONS
Vale House, Roebuck Close
Bancroft Road, Reigate
Surrey RH2 7RU