SINGAPORE: Based on its very strong balance sheet, Insurance sector rating agency AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Fidelity Life Assurance Company Limited of New Zealand. The stable outlook ratings reflect Fidelity Life’s balance sheet strength, which AM Best categorises as…
Tag: stable outlook
S&P Global Ratings upgrades PJSC Polyus with stable outlook
LONDON: PJSC Polyus notes that S&P Global Ratings (“S&P”) has upgraded the Company’s long-term issuer credit and issue ratings to ‘BB+’ with a stable outlook from ‘BB’/positive. In assigning Polyus a ‘BB+’ Rating, S&P highlighted the Company’s conservative financial and dividend policy, which Polyus has been strictly following over the previous years. The upgrade also…
S&P reaffirms Qatar Islamic Bank’s rating at ‘A-/A-2’ with stable outlook
DOHA, QATAR: S&P Global Ratings (S&P) has reaffirmed Qatar Islamic Bank’s (QIB) Issuer Credit Rating at ‘A-/A-2’ with Stable Outlook. S&P said that its ratings on QIB reflect the global rating agency’s view of QIB’s robust corporate banking franchise, the bank’s favorable position as Qatar’s largest Islamic bank, and QIB’s relatively conservative management. S&P added:…
BCRA assigns Zenith Energy “B-” with stable outlook credit rating
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 operating since 2003. The Financial Supervision Commission (FSC) and European Securities and Markets Authority (ESMA)…
AM Best assigns credit ratings to Net Insurance S.p.A. with stable outlook
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 Net Insurance’s balance sheet strength, which AM Best categorises as adequate, as well as its…
Ratings of China Taiping Insurance affirmed with stable outlook
SINGAPORE: Global rating agency, AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” of China Taiping Insurance (Singapore) Pte. Ltd (CTPIS). China Taiping Insurance is a wholly owned subsidiary of China Taiping Insurance Holdings Company Limited (CTIH), which is ultimately majority owned by China Taiping…
S&P Global upgrades Petropavlovsk PLC ratings with stable outlook on solid performance
LONDON: Petropavlovsk PLC announced that S&P Global Ratings (S&PGR) has upgraded its long-term issuer credit and issue ratings on Petropavlovsk and its senior unsecured bonds to ‘B’ from ‘B-‘ with a stable outlook. In its announcement, S&PGR highlighted its decision to upgrade Petropavlovsk’s issuer rating was based on its expectations the Company “will continue to…
AM Best affirms credit ratings of Redbridge Insurance with stable outlook
MEXICO CITY: AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” of Redbridge Insurance Company Limited (RICL) of Barbados. The outlook of these Credit Ratings remains stable. The ratings reflect RICL’s balance sheet strength, which AM Best categorizes as very strong, as well as its…
Mexico insurance industry outlook stable: AM Best
MEXICO CITY: The AM Best rating company is maintaining a stable market segment outlook on Mexico’s insurance market. The stable outlook is based on the strong balance sheets of the insurance companies operating in the country, backed by robust reinsurance programs, according to a new AM Best report. A new Best’s Market Segment Report, titled,…