Insurance Companies (Ratings and Inspections) Act 1994 (New Zealand)

Vero Insurance New Zealand Limited has an A+ (Strong) insurer financial strength rating given by Standard and Poor’s (Australia) Pty Ltd on 6 January 2012. 

Standard & Poor’s rating scale:

AAA Extremely strong                            
AA Very strong                                       
A Strong                                                
BBB Good                                              
BB Marginal
B Weak
CCC Very Weak
CC Extremely Weak 
R Regulatory action

The rating from “AA” to “CCC” may be modified by the addition of a plus or minus sign to show relative standing within the major categories.