Britannia affirmed


S&P Global Ratings has affirmed its “A” long-term financial strength (“AAA” capital) and counterparty credit ratings on the Britannia P&I Club. It added that the outlook remains stable based on the expectation that Britannia’s capital adequacy will remain at a level consistent with S&P’s “AAA” benchmark. The Club’s stronger balance sheet also led it to revise its assessment of Britannia’s liquidity from “strong” to “exceptional”.