SINGAPORE, March 29 (Bernama-BUSINESS WIRE) — AM Best has upgraded the Financial Strength Rating to A- (Excellent) from B++ (Good) and the Long-Term Issuer Credit Rating to “a-” from “bbb+” of Partners Life Limited (Partners Life) (New Zealand). The outlook of these Credit Ratings (ratings) has been revised to stable from positive.
The ratings reflect Partners Life’s balance sheet strength, which AM Best categorizes as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management (ERM).