SINGAPORE, Aug 20 (Bernama-BUSINESS WIRE) -- A.M. Best has downgraded the Financial Strength Rating (FSR) to C (Marginal) from B (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “b” from “bbb” of National Insurance Company Limited (National) (India). Additionally, A.M. Best has placed these Credit Ratings (ratings) under review with negative implications.
The ratings reflect National’s diminished balance sheet strength, which A.M. Best categorizes as adequate, as well as its marginal operating performance, neutral business profile and weak enterprise risk management (ERM).
The ratings reflect National’s diminished balance sheet strength, which A.M. Best categorizes as adequate, as well as its marginal operating performance, neutral business profile and weak enterprise risk management (ERM).
No comments:
Post a Comment