Rating Roundup: Pohjola

Moody’s Investors Service has affirmed the “A2” insurance financial strength rating (IFSR) of Pohjola Non-Life Insurance Company Ltd (PNLICL), and maintained the positive outlook on the rating. “PNLICL constitutes the vast majority of Pohjola’s non-life business which is directly owned by OKO Bank (OKO), rated Aa1/C+/P-1, which in turn is the central bank and main subsidiary of the Finnish cooperative banking group, OP Bank Group,” said the announcment. Moody’s rates OP Bank Group’s bank financial strength rating as “B.”