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Home > Issuance and Ratings

Issuance and ratings

  • Ratings
  • Debt issuance

These are the ratings assigned by Standard & Poor’s (S&P) Global Ratings, A.M. Best and Fitch Ratings to the holding company of MAPFRE Group and the debt it has issued, as well as to its main subsidiaries.

 S&P Global RatingsFitch RatingsA.M. Best
MAPFRE S.A. - IssuerA- (Stable)A- (Stable)-
MAPFRE S.A. - Senior debtA-BBB+-
MAPFRE S.A. - Subordinated debtBBBBBB--
Financial strength
- MAPFRE REA+ (Stable)-A (Stable)
- MAPFRE ESPAÑA--A (Stable)
- MAPFRE ASISTENCIA-A+ (Stable)-
Latest reportStandard and Poor’s – MAPFRE Group (October 15, 2020)Fitch – MAPFRE Group (Rating Report October 2, 2020)

Fitch – MAPFRE Group (Press Release September 21, 2020)
-
Previous reportStandard and Poor’s – MAPFRE Group (November 18, 2019)Fitch – MAPFRE Group (April 28, 2020)-

* The rating agencies can revise, suspend or withdraw ratings at any time.

MAPFRE S.A. RATINGS HISTORY

AgencyRatingOutlookDate
S&P Global RatingsA-Stable10/15/2020
Fitch RatingsA-Stable09/21/2020
Fitch RatingsA-Stable04/28/2020
S&P Global RatingsA-Stable11/18/2019
Fitch RatingsA-Stable10/08/2019
S&P Global RatingsBBB+Positive07/26/2019
S&P Global RatingsBBB+Positive03/21/2019
Fitch RatingsA-Stable01/23/2019
Fitch RatingsA-Stable09/27/2018
S&P Global RatingsBBB+Positive09/12/2018
S&P Global RatingsBBB+Positive03/27/2018
Fitch RatingsA-Stable01/25/2018

The long-term debt rating scales used by said agencies are as follows:

 S&P Global RatingsFitch RatingsA.M. Best
Investment categoryAAAAAAaaa
AA+AA+aa+
AAAAaa
AA-AA-aa-
A+A+a+
AAa
A-A-a-
BBB+BBB+bbb+
BBBBBBbbb
BBB-BBB-bbb-

The following chart offers a summary of the most important information about the Company’s currently issued debt.

ISINES0224244071ES0224244089ES0224244097
SubordinationSenior UnsecuredSubordinated UnsecuredSubordinated Unsecured
Issue Date05/19/201603/31/201709/07/2018
Call date-03/31/2027 or any interest payment date thereafter07/09/2028 or any interest payment date thereafter
Maturity05/19/202603/31/204709/07/2048
Nominal value€1 billion€600 million€500 million
Interest1.625% fixed coupon4.375% per annum (annual) until first call date, thereafter 3m Euribor + 454.3 bps (floating, quarterly)4.125% per annum (annual) until first call date, thereafter 3m Euribor + 430 bps (floating, quarterly)
Prospectus(05.2016) Senior Notes Issuance of MAPFRE S.A.(04.2017) Issuance of subordinated debt of MAPFRE S.A.(08.2018) Issuance of subordinated debt of MAPFRE S.A.
Rating agency report-(03.2017) S&P MAPFRE subordinated debt report(08.2018) Fitch MAPFRE subordinated debt report