SINGAPORE, Oct 14 (Bernama-BUSINESS WIRE) — AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of PT Asuransi Tugu Pratama Indonesia, Tbk (TUGU) (Indonesia). The outlook of these Credit Ratings (ratings) is negative.
The ratings reflect TUGU’s balance sheet strength, which AM Best categorizes as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management.