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A.M. Best Affirms Credit Ratings Of BIDV Insurance Corporation
Last update: 21/07/2017
SINGAPORE, July 21 (Bernama) -- A.M. Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of "bbb-" of BIDV Insurance Corporation (BIC) (Vietnam). The outlook of these Credit Ratings (ratings) remains positive.
The ratings reflect BIC's good operating performance and strong risk-adjusted capitalization, which is supported by its low underwriting leverage. In terms of underwriting performance, BIC has performed well compared with its peers, especially in its loss ratio. Nonetheless, the company's underwriting profit remains small in absolute terms.
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| OPENING, TUESDAY, MAR 9| US | 4.1180/1230 | | S'pore | 3.0479/0520 | | 100 Yen | 3.7752/7805 | | Sterling | 5.6882/6967 | | Euro | 4.8769/8833 |
Source: Bank Negara Malaysia |
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