SINGAPORE, Jan 29 (Bernama) — AM Best has assigned a Financial Strength Rating of B++ (Good) and a Long-Term Issuer Credit Rating of “bbb” to Post-Telecommunication Joint Stock Insurance Corporation (PTI) (Vietnam). The outlook assigned to these Credit Ratings (ratings) is stable.
The ratings reflect PTI’s balance sheet strength, which AM Best categorizes as strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management (ERM). AM Best notes that PTI benefits from various forms of support from its largest single shareholder, DB Insurance Co., Ltd. (DB Insurance).