S&P's affirms Thai Re's BBB+ rating | Bangkok Post: business

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S&P's affirms Thai Re's BBB+ rating

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Standard & Poor's Ratings Services affirmed its BBB+ long-term local currency insurer financial strength and counterparty credit ratings on the reinsurer Thai Reinsurance Plc. 

It kept the outlook negative and affirmed the axA+ long-term Asean regional scale rating on the reinsurer.

"We affirmed the ratings to reflect our view of Thai Re's satisfactory business risk profile and lower adequate financial risk profile, built on the company's adequate competitive position and upper adequate capital and earnings," said S&P's credit analyst Philip Chung.

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