SINGAPORE, March 23 (Bernama-BUSINESS WIRE) -- A.M. Best has upgraded the Long-Term Issuer Credit Rating to "bbb " from "bbb" and affirmed the Financial Strength Rating of B (Good) of Partners Life Limited (Partners Life) (New Zealand). The outlook of these Credit Ratings (ratings) is stable.
The rating actions reflect significant improvement in Partners Life's capital position, due to continued strong earnings and significant capital contribution. In addition, the NZD 200 million investment from the Blackstone Group has improved Partners Life's financial flexibility.
The rating actions reflect significant improvement in Partners Life's capital position, due to continued strong earnings and significant capital contribution. In addition, the NZD 200 million investment from the Blackstone Group has improved Partners Life's financial flexibility.
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