The rating reflects Nossa Seguros' 'favourable' business profile, high investment exposure to debt
sovereign power of Angola and Angolan banks, as well as its financial performance and capitalization of support.
This classification takes place after Angola's sovereign rating remains at 'B-', with the change from 'stable outlook' to 'positive'.
The positive outlook attributed to Nossa Seguros reflects a potential improvement in investment risk metrics if Angola's sovereign debt rating is updated.
The outlook for the rating of Angola's sovereign debt, and that of Banco Angolano de Investimentos (BAI), a shareholder of Nossa Seguros, is equally positive. Additionally, the improvement in the Angolan State's credit quality can improve the business environment for insurers.