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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 Ratings Fitch Ratings A.M. Best
MAPFRE S.A. - Issuer A- (Stable) A- (Stable) -
MAPFRE S.A. - Senior debt A- BBB+ -
MAPFRE S.A. - Subordinated debt BBB BBB- -
Financial strength
- MAPFRE RE A+ (Stable) - A (Stable)
- MAPFRE ESPAÑA - - A (Stable)
- MAPFRE ASISTENCIA - A+ (Stable) -
Latest report Standard 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 report Standard 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

Agency Rating Outlook Date
S&P Global Ratings A- Stable 10/15/2020
Fitch Ratings A- Stable 09/21/2020
Fitch Ratings A- Stable 04/28/2020
S&P Global Ratings A- Stable 11/18/2019
Fitch Ratings A- Stable 10/08/2019
S&P Global Ratings BBB+ Positive 07/26/2019
S&P Global Ratings BBB+ Positive 03/21/2019
Fitch Ratings A- Stable 01/23/2019
Fitch Ratings A- Stable 09/27/2018
S&P Global Ratings BBB+ Positive 09/12/2018
S&P Global Ratings BBB+ Positive 03/27/2018
Fitch Ratings A- Stable 01/25/2018

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

  S&P Global Ratings Fitch Ratings A.M. Best
Investment category AAA AAA aaa
AA+ AA+ aa+
AA AA aa
AA- AA- aa-
A+ A+ a+
A A a
A- A- a-
BBB+ BBB+ bbb+
BBB BBB bbb
BBB- BBB- bbb-

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

ISIN ES0224244071 ES0224244089 ES0224244097
Subordination Senior Unsecured Subordinated Unsecured Subordinated Unsecured
Issue Date 05/19/2016 03/31/2017 09/07/2018
Call date - 03/31/2027 or any interest payment date thereafter 07/09/2028 or any interest payment date thereafter
Maturity 05/19/2026 03/31/2047 09/07/2048
Nominal value €1 billion €600 million €500 million
Interest 1.625% fixed coupon 4.375% 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