The Bulgarian Credit Rating Agency confirms long-term credit rating A -, outlook: stable, of Pension Assurance Company Doverie and its managed pension insurance funds
The Bulgarian Credit Rating Agency (BCRA) has once again assigned a credit rating of A- (outlook: stable) to the Pension Assurance Company Doverie and a credit rating of A-pf (outlook: stable) to its managed funds: General Pension Fund Doverie, Professional Pension Fund Doverie and Voluntary Pension Fund Doverie.
The ratings of BCRA reflect the assessment that in 2021 Pension Assurance Company Doverie continues to adhere to a socially responsible investment policy and a declared aspiration for maximum protection of the funds of the persons insured in the company's pension funds.
The BCRA monitors Pension Assurance Company Doverie and its managed pension assurance funds since 2004. The corporate credit rating assigned by BCRA reflects the high levels of profitability and returns achieved by the Company, with high capital adequacy and liquidity, as well as the positive trends in inflows and outflows of persons and amounts into the managed pension insurance funds.
Pension Assurance Company Doverie is the only pension insurance company in Bulgaria that undergoes a credit rating assignment procedure without a regulatory requirement to do so. BCRA is a private company incorporated as a company limited by shares in 2002.
It is the first Bulgarian and the third full-fledged rating agency in the EU.