Standard & Poor's (S&P), the ratings agency, has removed Scor from CreditWatch following the French reinsurance firm's successful completion of its €381m ($395m) rights issue.

BNP Paribas led the offer which launched on November 21. Scor said on Friday that the offer was fully subscribed with orders being received for 98.2 million of the 99 million new shares.

Scor's credit rating benefits from rights issue

Shanny Basar

BNP Paribas

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