SINGAPORE, Dec 8 (Bernama-BUSINESS WIRE) — AM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb” (Good) and affirmed the Financial Strength Rating (FSR) of B++ (Good) as well as the Long-Term ICR of Tune Protect Re Ltd. (TPR) (Malaysia). The outlook of the FSR is stable.
The Credit Ratings (ratings) reflect TPR’s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.