SINGAPORE, Sept 25 (Bernama-BUSINESS WIRE) — AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” (Good) of National Reinsurance Corporation of the Philippines (Nat Re) (Philippines). Additionally, AM Best has assigned the Philippines National Scale Rating (NSR) of aa+.PH (Superior) to Nat Re. The outlook of these Credit Ratings (ratings) is stable.
The ratings reflect Nat Re’s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management (ERM).