SINGAPORE, Sept 14 (Bernama-BUSINESS WIRE) — AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” of BIDV Insurance Corporation (BIC) (Vietnam). The outlook of these Credit Ratings (ratings) is stable.
The ratings reflect BIC’s balance sheet strength, which AM Best categorises as strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management (ERM). The ratings also factor in a neutral impact from the company’s ultimate parent, the state of Vietnam.