08:36 AM EDT, 07/24/2026 (MT Newswires) -- S&P Global Ratings on Friday upgraded Mapfre's (MAP.MC) long-term issuer credit and financial strength rating to A from A- with a stable outlook, citing its very strong capital and earnings profile. The rating agency said the Spanish insurer's capital position has continued to improve, supported by strong underwriting profitability and robust investment returns, and is expected to remain strong between 2026 and 2028. The stable outlook reflects S&P's expectation that Mapfre will achieve robust and stable results as well as maintain the resilience of its balance sheet, a comprehensive reinsurance program, and a conservative strategic asset allocation.

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