SINGAPORE, April 6 (Bernama-BUSINESS WIRE) — AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” of Energas Insurance (L) Limited (Energas) (Malaysia). The outlook of these Credit Ratings (ratings) is stable.
These ratings reflect Energas’ 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. In addition, the ratings include a neutral impact from the company’s 100% ownership by and integration with Petroliam Nasional Berhad (Petronas), which is ultimately owned by the government of Malaysia.