05:20 PM EDT, 10/21/2025 (MT Newswires) -- Sagicor Financial ( SGCFF ) on Tuesday said global credit-rating agency Fitch Ratings upgraded its Long-Term Issuer Default Rating to "BBB" from "BBB-" and its senior unsecured debt rating to "BBB-" from "BB+", while stating the outlook remains Stable.

The company said Fitch cited Sagicor's strengthened core profitability, the second year of consolidated contributions from ivari, reduced debt financing, and a strong capitalization profile as key factors behind the upgrade. Additionally, ivari received an "A-" rating.

Chief executive Andre Mousseau said, "This upgrade will provide Sagicor with enhanced access to capital as we execute our strategy".

Sagricor Financial shares closed down $0.10 to $8.17 on the Toronto Stock Exchange.