Asia Insurance's insurer financial strength ratings raised to 'A' - S&P |
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Wed, 24 Oct 2007 14:06
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MUMBAI (Thomson Financial) - Standard & Poor's Rating Services said it has raised the insurer financial strength rating and the counter party credit rating on Asia Insurance Co Ltd (Asia Insurance) to 'A' from 'A-' with a stable outlook.'The upgrades reflect Asia Insurance's extremely strong capitalization, which will support the company's risk profile and provide it with a strong ability to improve its business profile,' S&P said.The ratings also reflect Asia Insurance's strong market position, satisfactory operating performance, and high liquidity. These factors are partly offset by the company's slightly higher-than-average exposure to long-tail risk and equity investments.tfn.newsdesk@thomson.comsim/manCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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TM Asia Insurance Singapore outlook raised on expected improved efficiency - S&P 