SINGAPORE, Nov 2 (Bernama-BUSINESS WIRE) — AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of PTAsuransi Tugu Pratama Indonesia Tbk (TUGU) (Indonesia).
These Credit Ratings (ratings) reflect TUGU’s balance sheet strength, which AM Best categorises as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management (ERM).