Corporate Ratings, Insurance Ratings, S&P, Moody’s, Fitch
SINGAPORE: Moody’s Investors Service has affirmed Frasers Centrepoint Trust’s (FCT) Baa2 issuer rating. At the same time, Moody’s has changed the outlook on the rating to stable from negative. The rating action follows FCT’s announcement on 3 September that it…
NEW YORK: The U.S. life insurance and annuity industry’s net income fell by 66 percent in the first half of 2020, compared with the same prior-year period, driven predominantly by a 10% decline in premiums and annuity considerations. This financial…
NEW YORK: Driven by some of the segment’s largest health insurers, the U.S. Medicare Advantage (MA) insurance segment continued its strong earnings trend in 2019, increasing by 58% year over year to $7.1 billion. The Best’s Special Report, titled, “US…
OSLO: Zenith Energy Ltd., the listed international oil & gas production company, announced that BCRA Credit Rating Agency AD (BCRA) has assigned Zenith a “B-“ with stable outlook long-term debt issuer credit rating. BCRA is an independent credit rating agency…
LONDON: Insurance sector rating agency, AM Best has affirmed the credit ratings of Eurasia Insurance Company based on company’s strong operating performance, neutral business profile and appropriate enterprise risk management. AM Best has affirmed the Financial Strength Rating of B++…
OLDWICK: Global rating agency, AM Best has downgraded the credit rating of Armed Forces Insurance Exchange (AFIE) due to significant volatility in operating results and declining surplus, a news release said. However, the outlook for the rating has been revised…
OLDWICK: Recent macroeconomic uncertainty due to the COVID-19 pandemic is a concern for insurers’ balance sheets as corporate bonds constitute a majority of the insurance industry’s assets, according to a new AM Best special report. If liquidity becomes a factor…
OLDWICK: AM Best has revised the outlook to stable from positive for the Long-Term Issuer Credit Ratings (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICRs of “bbb” of Wisconsin Reinsurance Corporation (WRC)…
OSLO: German-based rating agency Scope Ratings has today updated the rating report for Agder Energi AS and revises the outlook for issuer’s rating BBB+ from stable to negative. Scope states the outlook change is driven by the increased risk of…
AMSTERDAM: Global rating agency AM Best has assigned a Financial Strength Rating of B+ (Good) and a Long-Term Issuer Credit Rating of “bbb-” to Net Insurance S.p.A. of Italy. The outlook assigned to these ratings is stable. The ratings reflect…
OLDWICK: As more of Fannie Mae and Freddie Mac’s mortgage risks continue to make their way to the reinsurance market, AM Best has published tables of net capital charges associated with a select group of transactions from these government-sponsored enterprises’…
OLDWICK: AM Best has upgraded the Financial Strength Rating to C++ (Marginal) from C+ (Marginal) and the Long-Term Issuer Credit Rating to “b+” from “b-” of Country-Wide Insurance Company (Country-Wide) (New York, NY). The outlook of the Credit Ratings (ratings)…