A.M. Best Assigns Credit Ratings to Mutuelle Générale de l’Education Nationale

LONDON–(BUSINESS WIRE)–A.M. Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of “a” to Mutuelle Générale de l’Education Nationale (MGEN) (France). The outlook assigned to these Credit Ratings (ratings) is stable. The ratings reflect MGEN’s solid business profile in France, modest operating performance and excellent risk-adjusted capitalisation. A partially offsetting rating factor is MGEN’s significant concentration in health insurance busine